The Index of Consumer Sentiment jumped 11% from June to July, hitting its highest since October 2021.  ( 17 min )

The demise of cable TV has been written about for many years but cable continues to hang on. This article discussed why cable is faced with these issues.  ( 18 min )

"Buy now, pay later" allows consumers to make purchases with short-term loans. Learn how "buy now, pay later" compares to layaway installment plans.  ( 24 min )

A Section 1031 "like-kind" exchange may be the answer if you are looking to sell your investment property and avoid costly capital gains taxes.  ( 26 min )

Need to know the difference between real estate tax and property tax? These terms seem the same and may be used interchangeably but they differ  ( 22 min )

Wages and salaries for private-sector workers grew 1% in the second quarter of 2023, the smallest increase since the second quarter of 2021.  ( 18 min )

A reverse mortgage can be a lifeline or a hazard to a homeowner's financial security.  ( 19 min )

Markets bounced back at midday on Friday, July 28, 2023 from yesterday's selloff and were heading for a winning week on the latest report showing inflation easing.  ( 16 min )

Procter & Gamble exceeded earnings and revenue estimates on higher prices, though the company warned macroeconomic challenges could impact its fiscal 2024 results.  ( 16 min )

Mortgage rates rebounded yesterday, continuing a recent pattern of up and down movements within the lower-7% range. But all jumbo loan averages held steady for a second day.  ( 21 min )

Exxon Mobil became the latest big energy company to post sinking profit and sales because of lower oil and gas prices.  ( 16 min )

A subprime mortgage—now known as nonprime mortgages—is a type of loan granted to those who would not be able to qualify for conventional home mortgages.  ( 25 min )

AstraZeneca's shares rose on Friday after it announced the purchase of Pfizer's rare disease portfolio for up to $1 billion and reported better-than-expected financial results on strong sales of its cancer drugs.  ( 17 min )

Barclays doesn’t offer many CD options, but it does offer competitive rates for certain terms. See Barclays’ CD rates, terms, and features to see if it’s the right fit for your savings.  ( 19 min )

Find out how the Kohl's credit card works and how shoppers can generate bigger savings throughout the year as a Kohl's cardholder.  ( 23 min )

If you have permanent life insurance, more of your insurance premium goes to cash value in the early years of your policy. Find out how cash value increases over time.  ( 24 min )

Consumer prices, as measured by the Personal Consumption Expenditures Price Index, rose 3% in June from a year ago, down from an annual rate of 3.8% in May, and the lowest since March 2021.  ( 17 min )

A public bank is owned by the government and focuses on financing public policy goals to meet unique community needs. Learn more about public banks in the U.S.  ( 24 min )

If you have federal student loans, you have several repayment options. An IDR plan allows you to make payments based on your income and family size, ensuring you pay what you can afford.  ( 22 min )

Intel shares jumped after the chipmaker reported higher-than-expected revenue on strong PC sales and shares of Ford fell after the automaker revealed slow EV adoption in its earnings report. Here’s what investors need to know today.  ( 18 min )

A surprise earnings beat for Intel gave investors hope that the chipmaker can mount a recovery after two quarters of losses.  ( 18 min )

Learn more about how the income and substitution effects operate in economics and how to separate either of these while calculating the price effect.  ( 22 min )

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(Bloomberg) -- Dell Technologies Inc. Co-Chief Operating Officer Chuck Whitten is resigning next month as the hardware giant grapples with a historic slowdown in computer demand.Most Read from BloombergLargest US Grid Declares Emergency Alert For July 27BOJ Sends Yields Soaring With Surprise Change to Rate LimitSubway Offers Free Sandwiches That Come With a Lifetime CommitmentChina’s Push to Expand BRICS Membership FaltersS&P 500 Up 1% as ‘Goldilocks’ Data Embolden Bulls: Markets Wrap“After disc  ( 7 min )

Roku stock soared double-digits on Friday on the heels of solid Q2 earnings but a "muted" TV ad market will challenge the company in the back half of the year.  ( 32 min )

Wedbush analyst Dan Ives picked up coverage of the company with an Outperform rating and a $25 target price.  ( 26 min )

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The stock was down by a double-digit percentage after the company said it would cut shipments to counter rising inventory in its sales channels.  ( 26 min )

Block upgraded, Southwest downgraded: Wall Street's top analyst calls  ( 33 min )

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Stocks were setting up for a rebound on Friday after another indication inflation pressures continue to ease in the US.  ( 7 min )

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It’s no secret that the big gains in the stock market this year have been on account of only a select number of equities surging ahead – namely, the Mega Caps, and mostly ones with AI exposure. While that has raised concerns among market watchers that the rally is not really as strong as it appears and masks a more fragile market, Sharmin Mossavar-Rahmani, head of the investment strategy group at Goldman Sachs, disagrees with such a prognosis. In fact, Mossavar-Rahmani thinks that if history is  ( 10 min )

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Stocks were setting up for a rebound on Friday after another indication inflation pressures continue to ease in the US.  ( 7 min )

A renewed focus on lower costs and doing what it does best could help Walt Disney stock recover from a long slump.  ( 44 min )

U.S. annual inflation slowed considerably in June, likely pushing the Federal Reserve closer to ending its fastest interest rate hiking cycle since the 1980s. Inflation as measured by the personal consumption expenditures (PCE) price index increased 0.2% last month after edging up 0.1% in May, the Commerce Department said on Friday. The annual core PCE price index rose 4.6% in May.  ( 6 min )

It’s a merger Friday, and that means payday for shareholders of Reata Pharmaceuticals. Shares of Reata, which specializes in developing drugs to treat rare neurologic diseases, are up 51% in premarket trading. Biogen announced it [plans to acquire Reata](https://www.wsj.com/articles/biogen-to-buy-r  ( 22 min )

Procter & Gamble reports fiscal fourth-quarter earnings of $1.37 a share on revenue of $20.6 billon, beating Wall Street forecasts.  ( 26 min )

P&G CEO Jon Moeller offers up a promising outlook on inflation in the U.S.  ( 8 min )

XPeng shares caught another upgrade following this week's announcement of a new partnership with Volkswagen. T  ( 26 min )

The deal would bolster the biotech company’s portfolio of treatments for neuromuscular and rare diseases.  ( 24 min )

Biogen will acquire Reata for $172.50 a share in cash, expanding its portfolio of neuromuscular disease treatments.  ( 26 min )

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Procter & Gamble reports fiscal fourth-quarter earnings of $1.37 a share on revenue of $20.6 billon, beating Wall Street forecasts.  ( 26 min )

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(Bloomberg) -- Exxon Mobil Corp. fell short of analysts’ expectations with a third straight drop in profit — the longest decline since the 2014-2016 oil-market crash — amid weaker natural gas prices and shrinking returns from fuel sales. Most Read from BloombergLargest US Grid Declares Emergency Alert For July 27Subway Offers Free Sandwiches That Come With a Lifetime CommitmentBOJ Sends Yields Soaring With Surprise Change to Rate LimitHawkish Tone in Japan Is All It Takes to Rattle Global Market  ( 9 min )

Biogen said it would buy biotech firm Reata Pharmaceuticals for roughly $6.5 billion to expand its presence in the rare disease drugs market. Biogen will pay $172.50 per share in cash, which represents a 58.9% premium to Reata's last closing price. It expects to finance the acquisition with cash on hand, supplemented by the issuance of term debt, Biogen said.  ( 6 min )

The car maker reported earnings per share of 78 cents and an operating profit of $3.8 billion. Wall Street was looking for 54 cents and $3.2 billion, respectively.  ( 26 min )

Exxon Mobil Corp on Friday reported a 56% slump in second-quarter profit, joining rivals hurt by a sharp drop in energy prices but delivering results in line with an earnings preview the oil major released earlier this month. Chevron Corp, Shell and TotalEnergies have reported profit falls of 48%, 56% and 49%, respectively. Yet excluding last year's record second quarter, Exxon posted its strongest result for the months of April to June in more than a decade, helped by cost cuts and the sale of less profitable assets.  ( 8 min )

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Procter & Gamble Co beat analysts' estimates for quarterly sales on Friday, as the consumer goods giant benefited from multiple price hikes and resilient demand for its cleaning products, paper towels and other household products. The Tide detergent maker's fourth-quarter net sales rose to $20.55 billion, from $19.52 billion a year earlier. Analysts on average had expected $19.98 billion, according to IBES data from Refinitiv.  ( 6 min )

Consumers were still paying more for premium brands including Tide, boosting quarterly sales even as volumes dropped.  ( 25 min )

Stocks were setting up for a rebound on Friday, as investors prepared for the release of the Federal Reserve's favorite inflation measure and after a surprise Bank of Japan rate shift rattled markets.  ( 7 min )

Appetite for solar equipment has been tepid in the United States due to lukewarm demand in states such as Texas and Arizona where cheaper electricity prices make the economics of residential solar less attractive. Shares of rival SolarEdge Technologies Inc, which is expected to report results on August 1, slid 6.3%.  ( 7 min )

Exxon Mobil Corp joined its rivals reporting a 56% slump in second quarter profit from a year ago, hurt by a drop in energy prices, in line with the midpoint of the company's earnings preview released earlier this month. Oil majors' profits fell sharply in the quarter from record levels a year earlier as oil and gas prices came off last year's highs that were driven by Russia's invasion of Ukraine. Profits at Chevron Corp, Shell and TotalEnergies shrank by 48%, 56%, 49% in the quarter, respectively.  ( 8 min )

The Dow snapped its longest winning streak since 1987 in the previous session as U.S. Treasury yields pressured stocks lower after news that the Bank of Japan will allow long-term interest rates to rise. On Friday, the Bank of Japan made its yield curve control policy more flexible and loosened its defense of a long-term interest rate cap, in moves seen by investors as a prelude to an eventual shift away from massive monetary stimulus. Chipmaker Intel on Thursday posted a surprise quarterly profit as a PC market slump started to ease, and forecast third-quarter earnings above Wall Street expectations, sending its shares up 7.1% in premarket trading.  ( 8 min )

Intel stock climbed Friday after its revenue forecast beat expectations but there are still concerns about competition from Nvidia and AMD for data-center chips.  ( 26 min )

A look at past years shows that hot starts like 2023 usually end well for investors.  ( 7 min )

The investing factor behind Warren Buffett’s success is due for a strong run—or is it?  ( 25 min )

Intel reports a surprise second-quarter profit, Ford delays its electric-vehicle production goals, Roku posts a narrower-than-expected loss, and Enphase Energy's revenue forecast misses expectations.  ( 26 min )

U.S. stock market futures were pointing to a positive open on Friday after the previous day’s falls, with investors looking forward to key inflation and employment cost data. Dow Jones Industrial Average futures were up 117 points, or 0.3%, early on Friday. The Dow snapped a 13-day winning streak o  ( 13 min )

Investors in a high tax bracket can lock in an effective after-tax yield of 5% to 7% in very safe securities.  ( 26 min )

France's Atos raised its full-year organic revenue growth target on Friday, pointing to improving commercial traction and high demand, even as its half-year sales came slightly below expectations. The IT consultancy group expects its 2023 organic revenue to be in line with last year's or to rise by up to 2%, compared to its prior range of -1% to 1%. Its revenue for the six months through June was 5.5 billion euros ($6 billion), below the 5.57 billion euros expected by analysts polled by Refinitiv Eikon.  ( 6 min )

(Bloomberg) -- The Bank of Japan jolted financial markets by loosening its grip on bond yields in Governor Kazuo Ueda’s first surprise move since taking the helm, a step that will likely spur talk of potential policy normalization to come. The yen whipsawed to give back some of its earlier sharp gains against the dollar.Most Read from BloombergSubway Offers Free Sandwiches That Come With a Lifetime CommitmentLargest US Grid Declares Emergency Alert For July 27US 10-Year Yield Hits 4% as BOJ Worr  ( 8 min )

A renewed focus on lower costs and doing what it does best could help Walt Disney stock recover from a long slump.  ( 44 min )

The letter sent by Leslie Brock, chief of the AG's public finance division, to lawyers who work on bond deals in Texas said that officials are seeking to determine whether Wells Fargo has a practice or policy that "discriminates against a firearm entity or firearm trade association," Bloomberg News reported. "We have been cooperating with the Texas AG's Office and continue to affirm our standing letter that was provided to that office," the company said. The public finance division, which oversees most municipal bond offerings in Texas, will decide by Aug. 25 whether the bank is a "discriminating company," according to Bloomberg News.  ( 7 min )

"He virtually came close to saying there's balanced risks out there," Siegel said of Powell.  ( 30 min )

The troubled trucking company is seeking to raise cash and stave off a potential bankruptcy filing.  ( 25 min )

Reverse psychology can be considered a desired quality in the stock market. It is only natural to gravitate toward the leaders in any field, and an investor’s urge to hop on the latest surging stock in search of those sweet gains is understandable. However, anyone familiar with the ins and outs of investing will repeatedly say that overused mantra: ‘buy low, sell high.’ In recognizing that low price, investors can turn to Wall Street’s pros for help. The analysts have been busy lately, picking o  ( 34 min )

(Bloomberg) -- (This story was originally published on March 29. Bank of Japan policymakers meet today, with investors speculating that they will loosen their tight grip on interest rates.)Most Read from BloombergSubway Offers Free Sandwiches That Come With a Lifetime CommitmentLargest US Grid Declares Emergency Alert For July 27US 10-Year Yield Hits 4% as BOJ Worry Lifts Yen: Markets WrapFed Raises Interest Rates to 22-Year High, Leaves Door Open for MoreUS Growth Accelerates to 2.4% on Resilie  ( 35 min )

Markets bounced back at midday on Friday, July 28, 2023 from yesterday's selloff and were heading for a winning week on the latest report showing inflation easing.  ( 1 min )

Intel shares jumped after the chipmaker reported higher-than-expected revenue on strong PC sales and shares of Ford fell after the automaker revealed slow EV adoption in its earnings report. Here’s what investors need to know today.  ( 1 min )

De adviesprijs voor een liter Euro95 is vrijdag richting de 2,20 euro gegaan. Dat is bijna 20 cent meer dan aan het begin van deze maand.  ( 4 min )

Supermarktketens Nettorama en Boni gaan samen verder. Dat hebben de bedrijven vandaag aan hun medewerkers verteld. De twee ketens gaan verder onder de naam Nettorama, de naam Boni zal geleidelijk verdwijnen.  ( 4 min )

Crypto.com heeft een registratie bij De Nederlandse Bank gekregen, omdat het aantoonde aan de antiwitwaseisen van de toezichthouder te voldoen. De vergunning is noodzakelijk voor de cryptobeurs om in Nederland zaken te doen.  ( 3 min )

De adviesprijs voor een liter Euro95 is vrijdag richting de 2,20 euro gegaan. Dat is bijna 20 cent meer dan aan het begin van deze maand.  ( 3 min )

De inflatie in Duitsland en Frankrijk is in juli iets afgenomen. Dat betekent dat de prijzen minder sterk zijn gestegen. Maar in dit tempo duurt het nog even voordat de inflatie in die landen op de gewenste 2 procent zit.  ( 3 min )

Crypto.com heeft een registratie bij De Nederlandse Bank gekregen, omdat het aantoonde aan de antiwitwaseisen van de toezichthouder te voldoen. De vergunning is noodzakelijk voor de cryptobeurs om in Nederland zaken te doen.  ( 3 min )

Toen Instagram met een alternatief kwam voor Twitter openden binnen een week 100 miljoen mensen een account. Maar ruim de helft van hen gebruikt de dienst al niet meer, zei Meta-directeur Mark Zuckerberg donderdag in een bijeenkomst met werknemers.  ( 4 min )

Supermarktketens Nettorama en Boni gaan samen verder. Dat hebben de bedrijven vandaag aan hun medewerkers verteld. De twee ketens gaan verder onder de naam Nettorama, de naam Boni zal geleidelijk verdwijnen.  ( 3 min )

WhatsApp brengt een nieuwe functie uit die gebruikers snel laat reageren met een videobericht. Dat gaat volgens de makers op dezelfde manier als bij een spraakbericht, maar dan met beeld.  ( 3 min )

Het bedrijf Tupperware is in een week tijd ruim drie keer zoveel geld waard geworden. Beleggers hebben opeens veel hoop op een ommekeer bij het bedrijf dat in de afgelopen jaren steeds minder Tupperware-bakjes verkocht.  ( 3 min )

De Franse economie is in het tweede kwartaal onverwacht hard gegroeid. Het bruto binnenlands product (bbp) groeide met 0,5 procent. Dit kwam vooral doordat de export steeg en bedrijven meer produceerden.  ( 3 min )

KLM zag zijn inkomsten de afgelopen maanden groeien door hogere prijzen en doordat passagiers vaker voor luxere zitplaatsen kozen. Daarmee compenseerde het bedrijf de schade van het schrappen van Transavia-vluchten.  ( 4 min )

IKEA bestaat vrijdag 80 jaar en is alweer 45 jaar aanwezig in ons land. Het Zweedse woonwarenhuis blijft door het unieke assortiment mateloos populair. Het is dan ook een ijzersterk merk, zeggen deskundigen.  ( 3 min )

SAO PAULO (Reuters) -Brazilian miner Vale said on Thursday it reached two separate agreements to sell a 13% stake in its base metals business for $3.4 billion, aiming to boost its copper and nickel output. The sale is part of Vale's strategy to unlock more value from its nickel and copper assets, given expectations for soaring demand for the metals from the electric vehicle market. A joint venture formed by Saudi Arabian Mining Co (Ma'aden) and the country's Public Investment Fund (PIF) will acquire 10% of Vale's base metal unit, while U.S. investment firm Engine No. 1 will acquire 3%.  ( 7 min )

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The bank hasn't explained why person-to-person payments, bill processing and account-transfer services went down for parts of two days this week. But observers suspect glitches in its legacy systems could occur at other financial institutions and increasingly affect real-time payment networks.  ( 10 min )

Faced with skyrocketing housing prices and rising interest rates, homeowners are searching for home equity lines of credit (HELOCs) at record rates, according to an analysis of Google search data. Searches for “HELOC” skyrocketed 305% so far this year, according to the analysis commissioned by California-based luxury real estate firm RubyHome. “Homeowners that bought a few years ago at lower prices and lower interest rates can feel trapped,” RubyHome CEO Tony Mariotti. “If they’ve considered buy  ( 6 min )

Over the past few months, the real estate investment trust (REIT) sector has experienced a great deal of merger and acquisition (M&A) activity. The M&A deals are motivated by various reasons, such as to expand market share, diversify products or services, increase revenue or earnings and reduce competition. Ideally, the benefits of M&As should go directly to shareholders of the merging companies. But sometimes shareholders of the acquiring company may balk at the deal, thinking the company is pa  ( 10 min )

T-Mobile CEO says his telecom is just getting started on the outperformance of investor expectations.  ( 8 min )

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(Bloomberg) -- It didn’t take much to scare American investors who’ve been pushing risk assets higher for the better part of a year.Most Read from BloombergSubway Offers Free Sandwiches That Come With a Lifetime CommitmentLargest US Grid Declares Emergency Alert For July 27US 10-Year Yield Hits 4% as BOJ Worry Lifts Yen: Markets WrapFed Raises Interest Rates to 22-Year High, Leaves Door Open for MoreUS Growth Accelerates to 2.4% on Resilient Consumers, CompaniesNews that Japanese policy makers a  ( 32 min )

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See what today's best CD rates are in every term and how they compare to the previous day's top rates. We track daily CD rates from more than 200 banks and credit unions.  ( 20 min )

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BlackRock Inc. Co-Founder and CEO Larry Fink wants to "democratize" Bitcoin through a spot trading Bitcoin exchange-traded fund (ETF) Fink filed an application for the spot Bitcoin ETF on June 15 with the Securities and Exchange Commission (SEC). The application was rejected due to concerns regarding market manipulation. "We believe we have a responsibility to democratize investing. We've done a great job, and the role of ETFs in the world is transforming investing. And we're only at the beginni  ( 9 min )

(Bloomberg) -- Intel Corp. shares gained after the chipmaker gave a bullish revenue forecast for the current period, indicating that demand for computer components is improving and a long-awaited comeback may be underway.Most Read from BloombergSubway Offers Free Sandwiches That Come With a Lifetime CommitmentFed Raises Interest Rates to 22-Year High, Leaves Door Open for MorePowell Has Stopped Handing Gifts to Wall Street on Fed DayUS Growth Accelerates to 2.4% on Resilient Consumers, Companies  ( 8 min )

(Bloomberg) -- Intel Corp. shares gained after the chipmaker gave a bullish revenue forecast for the current period, indicating that demand for computer components is improving.Most Read from BloombergSubway Offers Free Sandwiches That Come With a Lifetime CommitmentFed Raises Interest Rates to 22-Year High, Leaves Door Open for MorePowell Has Stopped Handing Gifts to Wall Street on Fed DayUS Growth Accelerates to 2.4% on Resilient Consumers, CompaniesLargest US Grid Declares Emergency Alert For  ( 7 min )

Chip maker had recorded two consecutive quarters of record losses  ( 26 min )

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(Reuters) -Ford Motor Chief Executive Jim Farley on Thursday outlined a significant change in the automaker's product strategy, slowing the ramp-up of money-losing EVs, shifting investment to Ford's commercial vehicle unit and citing plans to quadruple sales of gas electric hybrids over the next five years. He described the company's high-margin Ford Pro commercial business as a "powerhouse" and said the company now expects to launch more gas-electric hybrids. Ford plans to quadruple sales of gas-electric hybrids in the next five years, as it struggles to reduce the cost of its money-losing first-generation battery electric vehicles, executives said.  ( 8 min )

Ford stock is higher after hours after the automaker reported strong second quarter earnings and also upped its full-year profit forecast, though it did project steeper annual losses in its EV division.  ( 8 min )

Stocks erased gains Thursday, even as hopes built that the Federal Reserve is done hiking rates this year.  ( 7 min )

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Vanguard, the world's second-largest asset manager, expects the Federal Reserve to maintain a hawkish stance by either keeping interest rates elevated for longer than what the market is pricing or by tightening monetary conditions even further. Global Head of Fixed Income Group Sara Devereux said on Thursday the probability of another interest rate increase by the Fed this year stood at 50%. "We don't think they're going to cut rates anytime soon ... the Fed may have more work to do."  ( 6 min )

Shares are up again, brushing off news about investigations, service issues, and range problems. Is there a problem lurking for the Bulls?  ( 26 min )

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The card companies have defied worry about an economic slowdown. The only thing that seems able to slow them down is Congress.  ( 35 min )

Markets turned red in Thursday afternoon trading, giving up gains from earlier in the day, as treasury yields leaped. Investors appeared to take strong economic data as a sign that the Federal Reserve could have more work to do. Earlier in the day, [gross domestic product](https://www.barrons.com/  ( 11 min )

Cows, like all living mammals, produce greenhouse gases, which could threaten their existence. According to the Telegraph, Ireland is reportedly considering killing 200,000 cows in the country to meet the European Union’s climate targets. Not everyone is a fan of this method. “Reports like this only serve to further fuel the view that the government is working behind the scenes to undermine our dairy and livestock sectors,” said Tim Cullinan, president of the Irish Farmers’ Association. It also  ( 33 min )

Illumina’s contentious acquisition of cancer test maker Grail brought billionaire Carl Icahn to the company’s doorstep.  ( 20 min )

The Dow Jones Industrial Average was slipping in afternoon trading, despite having more gainers than losers. The Dow was down 30 points, or 0.1%. The S&P 500 rose 0.1% and the Nasdaq Composite added 0.5%. As a price-weighted index, the Dow is dragged down by more expensive stocks. As such, even th  ( 11 min )

Shares of Cambridge biotech Mersana Therapeutics is in free-fall after its cancer drug unexpectedly failed in a clinical trial.  ( 11 min )

Expectations have been coming down for the oil giant's financial results, something that could set shares up for a gain if it can beat the lowered bar.  ( 26 min )

AFS Logistics CEO Tom Nightingale says that UPS’ efficiencies can’t offset “astronomical” cost increases alone. The post UPS shippers may face double-digit rate increases in wake of contract appeared first on FreightWaves.  ( 8 min )

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Shares of global auto giant Volkswagen (VOW3.DE) are slipping today after the company cut its global delivery forecast as it tries to control higher input costs and a new strategy in the all-important Chinese market.  ( 8 min )

The board of directors of Brazilian state-run oil company Petrobras is set to meet on Friday to discuss its new dividend policy and a potential share buyback program, newspaper Valor Economico reported on Thursday. Executives at the firm previously said the new dividend policy was being prepared by a working group and expected to be voted on by the end of this month, with its second-quarter dividends likely to be already based on the new policy. Petrobras did not immediately respond to an emailed request for comment.  ( 31 min )

There’s no doubt that bulls have been left somewhat disappointed by Chipotle’s quarter. Still, there may be a reason for investors to buy the stock on the dip.  ( 26 min )

The driving factor in the uptick is oil prices.  ( 30 min )

Shares of electric-vehicle battery start-up QuantumScape are soaring following the company's earnings report. But earnings aren't the reason for the stock surge.  ( 26 min )

Southwest Airlines Stock Drops Despite Record Quarterly Revenue  ( 18 min )

Boeing is still losing money, even as Wall Street warms up to the stock as the outlook for commercial aerospace improves. Losses aren't great. At least cash flow isn't a problem.  ( 26 min )

MaxLinear terminated its deal to buy Silicon Motion on Wednesday, hours after the unexpected news that Chinese regulators had approved the merger.  ( 26 min )

Nvidia Corp (NASDAQ: NVDA) stock is trading higher Thursday, further amplified by Meta Platforms Inc's (NASDAQ: META) upbeat quarterly results. On Wednesday, Meta Platforms reported second-quarter revenue of $32 billion, up 11% year-over-year, beating the Street consensus estimate of $31.12 billion. Also Read: Nvidia OpenAI Working On AI Model To Connect 10M AI GPUs Together Earnings per share totaled $2.98 in the second quarter, beating a Street consensus estimate of $2.91. The social media fir  ( 7 min )

Alibaba Group Holding Limited (NYSE: BABA) shares are trading higher Thursday, buoyed by its artificial intelligence collaboration with Meta Platforms Inc (NASDAQ: META). Alibaba Cloud added Meta's Llama 2 LLM to ModelScope, its open-source "model-as-a-service" platform offers over 700 AI models – covering various fields from computer vision to natural language processing and audio – to local developers, SCMP reports. Alibaba Cloud had tailored services via ModelScope that would enable Chinese d  ( 7 min )

Get ready for long-term gains – that’s the message from Bank of America. In a recent note, the bank lays out just why it believes that the S&P 500 will hit 5,000 by next year. That would represent a gain of about 9.5% from current levels. The bank’s chief equity technician, Stephen Suttmeier, sees the market in a secular bull phase – that is, a long-term upward trend lasting one or two decades. In his view, the secular trend started back in 2013 and is likely to hold until the latter years of th  ( 11 min )

America’s telecoms incumbents are in a funk  ( 32 min )

Wood’s ARK Innovation fund is riding high this year. So are her expectations for robotaxis, drone delivery, and Coinbase, as she explains in an interview.  ( 27 min )

The European Central Bank’s latest policy statement didn’t change very much from June’s. But the absence of one verb from the policy announcement was quickly noticed by investors, sending ripples through European markets. The ECB’s July statement said interest rates “will be set” at sufficiently re  ( 24 min )

(Bloomberg) -- Royal Caribbean Cruises Ltd. rose Thursday after raising its full year profit forecast to a level that significantly beat expectations, as demand for its cruises is increasing.Most Read from BloombergSubway Offers Free Sandwiches That Come With a Lifetime CommitmentPowell Has Stopped Handing Gifts to Wall Street on Fed DayFed Raises Interest Rates to 22-Year High, Leaves Door Open for MoreHunter Biden Plea Deal in Limbo After Judge Questions TermsMitch McConnell Freezes at Start o  ( 7 min )

Ford is set to report second quarter earnings after the bell, its second time breaking down results across its new reporting units.  ( 8 min )

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The changes represent one of the biggest revamps of bank capital rules since the 2008 financial crisis.  ( 10 min )

Meta Platforms upgraded, Estee Lauder downgraded: Wall Street's top analyst call  ( 9 min )

Stocks rose, pointing to a strong open on Thursday as hopes built that the Federal Reserve is done hiking rates this year, as techs got a boost from a rally in Meta post-earnings.  ( 7 min )

Bank of America CEO Brian Moynihan said U.S. authorities need to be careful when implementing new capital requirements of the Basel III accord to avoid reducing the ability of U.S. banks to compete globally. In an interview with Fox News, Moynihan said the process needs to assure "the playing field is level", saying the rules should be implemented carefully "so to not make the US less competitive". "We're not talking about the big eight banks.... We're talking about a $30 or $40 billion bank, or a $100 billion bank, not being able to compete for a middle market loan because a bank or a supplier in Europe ... is getting a lower cost of capital", Moynihan added.  ( 7 min )

How Social Security income is taxed depends on how much income you have from other sources. Here are the 2022 IRS limits for individual and joint filers.  ( 11 min )

Once you have $1 million in assets, you can look seriously at living entirely off the returns of a portfolio. After all, the S&P 500 alone averages 10% returns per year. Setting aside taxes and down-year investment portfolio management, a … Continue reading → The post How Much Interest Can You Earn on $1 million? appeared first on SmartAsset Blog.  ( 11 min )

Annuities are a form of hybrid financial product. Part investment and part contract, they're primarily sold by insurance companies as a way to save for retirement. While in recent years they have come under criticism for below-market returns, many retirees … Continue reading → The post How Much Would a $1.5 Million Annuity Pay? appeared first on SmartAsset Blog.  ( 10 min )

Retirement is a big milestone for many, and planning for retirement can constitute a large financial goal that takes years to reach. In fact, data from the Federal Reserve indicates that the majority of Americans only have $65,000 saved for … Continue reading → The post Approaching Retirement? T. Rowe Price Says You Need This Much Saved Based on Your Income appeared first on SmartAsset Blog.  ( 9 min )

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Cancer-fighting drugs Revlimid and Pomalyst drive a sales shortfall in the second quarter.  ( 26 min )

Amid overall strong results, Crocs downgraded its sales outlook for Hey Dude for the full-year.  ( 8 min )

The company reported more sales and a smaller loss than expected. It said it achieved early success in its Canadian launch of the Bed Bath & Beyond brand.  ( 26 min )

Industrial conglomerate Honeywell International Inc posted a better-than-expected quarterly profit and slightly raised its full-year forecasts on Thursday, on strong performance in its aviation business. Aviation suppliers, such as Honeywell and General Electric, have gained from faster-than-expected rebound in air travel, which has driven demand for parts and services. Sales at Honeywell's aerospace business, which counts Boeing and Airbus as customers, were up 16% on an organic basis in the second quarter.  ( 6 min )

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AbbVie on Thursday raised its annual profit forecast after beating analysts' estimates for second-quarter earnings on a lower-than-expected fall in sales of blockbuster arthritis drug Humira and strong sales of newer treatments. Global Humira sales tumbled 25.2% to $4.01 billion compared with analysts' expectations of $3.94 billion, according to Refinitiv data. Humira's sales trajectory is on the top of investors' minds following the entry of multiple copycat versions of one of the world's biggest selling drugs in the U.S. market.  ( 7 min )

The car company reports on Thursday evening. Auto investors have a lot of issues weighing on their minds.  ( 26 min )

Southwest Airlines said second-quarter earnings dropped 10% to $683 million as labor costs soared, offsetting record revenue at the start of the peak summer travel season. The company predicted record revenue and another profit in the third quarter, but warned of even stronger cost pressure.  ( 7 min )

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Southwest Airlines stock tumbled ahead of the open Thursday as the low-cost carrier said it expected revenue per available seat mile to fall in the third quarter.  ( 26 min )

Drugmaker Bristol Myers Squibb said on Thursday its second-quarter sales fell more than expected and cut its full-year forecast as two of its top drugs, blood cancer treatment Revlimid and blood thinner Eliquis, face generic competition. Bristol Myers is in the midst of a leadership change, with CEO Giovanni Caforio expected to step down in November to be succeeded by Chief Operating Officer Christopher Boerner. Revlimid sales were $1.47 billion in the quarter, compared with analyst expectations of $1.67 billion, Bristol said, citing generic erosion as well as an increase in patients receiving free product from the company's patient assistance foundation.  ( 7 min )

Drugmaker Bristol Myers Squibb said on Thursday its second-quarter sales fell more than expected and cut its full-year forecast as two of its top drugs, blood cancer treatment Revlimid and blood thinner Eliquis, face generic competition. Bristol Myers is in the midst of a leadership change, with CEO Giovanni Caforio expected to step down in November to be succeeded by Chief Operating Officer Christopher Boerner. Revlimid sales were $1.47 billion in the quarter, compared with analyst expectations of $1.67 billion, Bristol said, citing generic erosion as well as an increase in patients receiving free product from the company's patient assistance foundation.  ( 7 min )

McDonald's called out its "culturally relevant brand and marketing campaigns" as a driver for a strong second quarter in the US market.  ( 8 min )

Honeywell reports earnings of $2.23 a share from sales of $9.1 billion. Wall Street was looking for earnings of $2.21 on sales of $9.2 billion.  ( 26 min )

Refiner Valero Energy Corp reported a slump in second-quarter profit as improved fuel supplies and slowing economic activity compressed margins. Valero said total refinery throughput volumes averaged 2.96 million barrels per day in the quarter, roughly same as last year.  ( 6 min )

The largest domestic U.S. airline expects revenue per available seat mile (RASM) to fall between 3% and 7% in the third quarter, while capacity is expected to be up about 12%. However, Southwest expects the quarter to be profitable and operating revenue to hit a record. The airline attributed the fall in RASM, a proxy for pricing power, to tough comparisons from a boom in travel demand last year.  ( 7 min )

Defensive stocks aren't just for bear markets. That's the reminder Morningstar gives investors in a recent market analysis. "After providing a cushion to investor portfolios during the bear market of 2022," Morningstar’s Jülide Sengil writes, "defensive stocks have lagged the broader market as stocks rebounded this year. The good news for long-term investors looking for opportunities […] The post The Stock Market Is Up, But Morningstar Says Now Is the Time to Invest in These Assets appeared firs  ( 9 min )

The oil giant's second-quarter earnings show a steep 56% year-over-year fall in profit.  ( 26 min )

The oil major boosted its dividend and added a $3 billion buyback in its first quarterly results release since its new CEO unveiled a strategic shift.  ( 28 min )

Wood’s ARK Innovation fund is riding high this year. So are her expectations for robotaxis, drone delivery, and Coinbase, as she explains in an interview.  ( 27 min )

(Bloomberg) -- Shell Plc’s second-quarter profit fell from the highs seen last year but the company pledged extra share buybacks and raised its dividend. Most Read from BloombergPowell Has Stopped Handing Gifts to Wall Street on Fed DayHunter Biden Plea Deal in Limbo After Judge Questions TermsFed Raises Interest Rates to 22-Year High, Leaves Door Open for MoreSubway Offers Free Sandwiches That Come With a Lifetime CommitmentMitch McConnell Freezes at Start of News Conference, Returns LaterThe r  ( 32 min )

Wall Street is worried about the risk that surging demand for artificial-intelligence chips could divert spending from traditional processors.  ( 26 min )

U.S. bond investors were gauging how to navigate a prolonged period of higher interest rates that some expect to weigh on U.S. growth, after the Federal Reserve on Wednesday left open the possibility of more rate increases and excluded easing financial conditions anytime soon. With its latest 25 basis point interest rate increase now in the books, the Fed has raised the benchmark overnight interest rate by 525 basis points since March 2022 to a level last seen before the 2007 housing market crash in a fight to bring down inflation. Cooling consumer prices and a resilient economy have sparked rallies in stocks this year and Fed Chairman Jerome Powell on Wednesday said a recession is unlikely - a sharp reversal from the mood earlier this year, when both the Fed and investors believed a downturn was all but unavoidable.  ( 8 min )

As prices surged in the West following Russia’s invasion of Ukraine, Vladimir Putin was confident enough about the health of his own economy to gloat.  ( 9 min )

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A chattel mortgage is a loan used to purchase an item of movable personal property, such as a vehicle, which then serves as security for the loan.  ( 24 min )

Eli Lilly said that two Phase 3 trials of its weight-loss drug tirzepatide showed patients lost 26.6% of their body weight on average, more than competitors.  ( 17 min )

See what today's best CD rates are in every term and how they compare to the previous day's top rates. We track daily CD rates from more than 200 banks and credit unions.  ( 18 min )

If you're looking for a job as an analyst, learn about financial modeling and how it aids the strategic planning and financial decision-making of companies.  ( 22 min )

The top nationwide rate on a money market account rose today to 5.21%, up from 5.06% APY. You can also find other options above 5.00% in our daily money market rankings.  ( 18 min )

The dollar-cost averaging approach helps investors avoid market timing but they give up some potential for higher returns.  ( 19 min )

The S&P 500 lost 0.6% on Thursday, July 27, 2023, as stronger-than-anticipated U.S. economic growth revived concerns the Fed may keep raising interest rates.  ( 17 min )

Federal banking regulators have proposed rules aimed at making the banking system more stable, but it comes with trade-offs.  ( 18 min )

Securitized products are pools of financial assets that are brought together to make a new security, which is then divided and sold to investors.  ( 22 min )

Royal Caribbean shares jumped after beating profit and sales estimates, and raising its outlook on higher prices and onboard sales.  ( 16 min )

Sales in the Northeast and Midwest grew, while the South and West had declines.  ( 17 min )

Dow Jones falls more than 200 points, ending the historic 13-day rally, on investor fears that strong economic data could bring more rate hikes.  ( 17 min )

The Congressional Budget Office, a nonpartisan agency that provides analysis to Congress, released economic projections Thursday.  ( 16 min )

While critics said the new proposal could crimp shareholder dividends and buybacks for years to come, regulators said big banks have ample time and capital to comply without hurting either.  ( 20 min )

A perpetual bond makes interest payments to the investor forever, which sounds great at first, but for both the issuer and the buyer, there are some risks alongside the rewards.  ( 21 min )

Returning to school as an adult requires an understanding of the resources available to help you pay for an education and careful financial planning. Learn more here.  ( 26 min )

Find out how limited supplies and celebrity endorsements drive the $80 billion sneaker industry. Nike Air Jordans remain bestsellers after over 30 years.  ( 21 min )

The best savings and money market accounts are already paying record rates, with many opportunities to earn 5.00% or more. Will the Fed's latest increase push rates higher?  ( 18 min )

Learn about the age-old debate about value versus growth stocks, and how determining which kind is better depends on a number of factors.  ( 25 min )

As globalization became a force, the key to survival for many financial institutions was to efficiently meet the needs and wants of a global customer base.  ( 23 min )

Historically Black colleges and universities (HBCUs) focus on educating disadvantaged groups and are helping narrow the racial wealth gap.  ( 26 min )

Stellantis N.V. (STLA), General Motors Co. (GM), Mercedes Benz Group ADR (MBGYY), Bayerische Motoren Werke ADR (BMWYY), Honda Motor Co. LTD (HMC), Hyundai (HYMTF) and Kia Corp. (KIMTF) announced an EV charging joint venture Thursday that they said would solely rely on renewable energy.  ( 18 min )

Chipotle shares tumbled after the restaurant chain's sales came in short of expectations as the company raised prices because of higher ingredient costs.  ( 16 min )

ADRs of Shell Plc dropped after the energy giant reported earnings fell by more than half, hurt by falling oil and gas prices.  ( 16 min )

U.S. equities were up at midday on Thursday, July 27, 2023, after the U.S. government reported stronger-than-expected economic growth in the second quarter.  ( 16 min )

Southwest Airlines Stock Drops Despite Record Quarterly Revenue  ( 17 min )

A closed loop card is type of credit card that's only good at a certain retailer or other company. Here are the pros and cons.  ( 23 min )

An additional cardholder is an authorized user added to a credit card account by the primary cardholder. There are benefits to the additional cardholder, but also risks to the primary one.  ( 23 min )

Upfront pricing refers to the interest rates and credit limits that a card issuer assigns to a particular cardholder when they sign up for a card, based on risk and other factors.  ( 22 min )

A credit card block is the reservation of a portion of a credit or debit card balance for the cost of services not yet rendered.  ( 22 min )

Credit card authentication is a way of verifying that a person attempting a credit card transaction is who they say they are and that they are authorized to use that card.  ( 22 min )

Share price is the primary difference between Berkshire Hathaway's Class A stock and Class B stock, but there are other distinctions such as convertibility.  ( 24 min )

A magnetic stripe card is a security device with data embedded in it that identifies the user. It enables secure access, electronic or physical.  ( 22 min )

Mortgage rates have moved slightly down, continuing a two-week pattern of bobbing up and down in a lower-7% range. All jumbo loan averages meanwhile held steady.  ( 20 min )

Comcast (CMCSA) posted its biggest earnings beat in two years on Thursday, as a surge in revenue from streaming, theme parks, and the box office offset weakness in its broadband and legacy cable offerings.  ( 18 min )

Understand how to identify Michelangelo from macaroni art before you make an investment in the fine arts. Rarity is important to the process.  ( 25 min )

The Howey Test determines which transactions qualify as an "investment contract" and would therefore be subject to U.S. securities laws.  ( 23 min )

Minimum finance charges kick in when the interest that a credit card holder owes on their outstanding balance for that month falls below a certain amount.  ( 22 min )

Mastercard, not unlike its rival payments processors, reported strong second quarter earnings on the back of robust consumer spending and a pick up in post-pandemic travel demand.  ( 17 min )

A sampling distribution describes the data chosen for a sample from among a larger population.  ( 23 min )

Merchants can have the option of submitting their credit card transactions as a group, rather than individually. Here's how that works and the pros and cons.  ( 22 min )

Offshore investing often gets a bad rap but is perfectly legal. Despite increased regulatory scrutiny, it still offers tax advantages when done properly.  ( 22 min )

The GDP grew at a 2.4% annual rate in the second quarter, an acceleration from the 2% growth of the first quarter, and above the 2% growth forecasters had expected.  ( 17 min )

Take a closer look at how Lipper Inc., a subsidiary of Thomson Reuters, determines the ratings for mutual funds in its Lipper Rating System.  ( 22 min )

There are benefits and drawbacks of holding cash versus investing in bonds, so make sure you make the right decision about how to best safeguard your money.  ( 23 min )

Learn about the origins of the 80-20 rule and how it is applied in business, economics, quality control, and investing.  ( 21 min )

Meta's second quarter revenue, at almost $32 billion, increased 11% over the same period last year and grew at the fastest clip since the end of 2021, primarily driven by a 12% jump in advertising revenue.  ( 18 min )

Meta shares are surging after the social media giant posted third quarter revenue projections that beat expectations and the release of the U.S. GDP is expected to show the economy remained steady in the second quarter. Here’s what investors need to know today.  ( 19 min )

Learn how globalization impacts international investment and transforms economies around the world. Understand the implications of globalization.  ( 19 min )

The Basel III regulations marked drastic reform in international banking. But how will they affect the worldwide economy?  ( 23 min )

With fewer homes for sale in the Hamptons, buyers are clambering over what is left in the market, even as the median sales price falls from a year earlier.  ( 17 min )

Delta is the ratio comparing the change in the price of the underlying asset to the corresponding change in the price of a derivative.  ( 26 min )

Learn how the price elasticity of demand is more sensitive for some types of consumer goods than others, and see what factors most influence elasticity.  ( 23 min )

Interest rates are divided into subcategories. Smart investors look beyond the nominal or coupon rate of a bond or loan to see if it fits their objectives.  ( 28 min )

Eli Lilly said that two Phase 3 trials of its weight-loss drug tirzepatide showed patients lost 26.6% of their body weight on average, more than competitors.  ( 1 min )

The S&P 500 lost 0.6% on Thursday, July 27, 2023, as stronger-than-anticipated U.S. economic growth revived concerns the Fed may keep raising interest rates.  ( 1 min )

Dow Jones falls more than 200 points, ending the historic 13-day rally, on investor fears that strong economic data could bring more rate hikes.  ( 1 min )

Meta shares are surging after the social media giant posted third quarter revenue projections that beat expectations and the release of the U.S. GDP is expected to show the economy remained steady in the second quarter. Here’s what investors need to know today.  ( 1 min )

Het Turkse boodschappenbezorgbedrijf Getir blijft in Nederland actief. De afgelopen maanden gingen er geruchten rond over een vertrek van het bedrijf. Wel vertrekt Getir uit Spanje, Italië en Portugal.  ( 3 min )

De Amerikaanse economie is in het tweede kwartaal harder gegroeid dan verwacht. De economische groei kwam uit op 2,4 procent, tegen 2 procent in het eerste kwartaal.  ( 2 min )

De Europese Centrale Bank verhoogt voor de negende keer in ruim een jaar haar belangrijkste rentetarieven. Dat doet ze om de inflatie in Europa verder te bestrijden. Hierdoor wordt lenen nog weer duurder en levert sparen iets meer op.  ( 4 min )

Liefhebbers van een Big Mac weten hun weg naar de McDonald's nog steeds massaal te vinden ondanks dat de prijzen voor de menu's zijn verhoogd. De fastfoodketen heeft in het tweede kwartaal van dit jaar flink meer winst geboekt.  ( 2 min )

De Europese Centrale Bank verhoogt voor de negende keer in ruim een jaar haar belangrijkste rentetarieven om de inflatie in Europa verder te bestrijden. Hierdoor zal lenen nog weer duurder worden en sparen iets meer opleveren.  ( 4 min )

Bij de scheepsbrand boven Ameland wordt gewezen naar elektrische auto's op het schip. De maritieme sector worstelt al langer met de extra brandrisico's van elektrische auto's. Een oplossing lijkt pas in zicht als de huidige manier van transport onbetaalbaar wordt.  ( 7 min )

De vraag naar steenkolen heeft afgelopen jaar een recordniveau bereikt. Er was vooral veel vraag vanuit Azië waar de fossiele brandstof onder meer wordt gebruikt in de industrie en om stroom op te wekken.  ( 3 min )

De Europese Commissie start een officieel onderzoek naar Microsoft. Het techbedrijf heeft mogelijk Europese concurrentieregels overtreden door zijn communicatiedienst Teams te bundelen met Office-producten.  ( 3 min )

Het zakelijke communicatieplatform Slack kampte donderdagochtend met een storing, waardoor berichten niet altijd aankwamen. Inmiddels zijn de problemen met de dienst opgelost.  ( 2 min )

De duurdere boodschappen leggen voedingsfabrikanten geen windeieren. Dinsdag werd al duidelijk dat Unilever meer winst boekte door hogere prijzen, donderdag maakte de Zwitserse concurrent Nestlé bekend dat het ook meer overhoudt doordat het zijn prijzen heeft opgeschroefd.  ( 4 min )

Het zakelijke communicatieplatform Slack kampt donderdagochtend met een storing, waardoor berichten niet altijd aankomen. Er wordt gewerkt aan een oplossing.  ( 2 min )

Facebook-moederbedrijf Meta zag de omzet in het afgelopen kwartaal stijgen door duizenden ontslagen en een verbetering in de advertentieverkopen. Maar voorlopig blijft de Metaverse een grote kostenpost.  ( 4 min )

Shell zag zijn winst afgelopen kwartaal halveren ten opzichte van dezelfde periode vorig jaar. Dit kwam onder meer doordat de olie- en gasprijzen de afgelopen maanden flink lager waren.  ( 4 min )

Het succes van de Hollywoodfilm over Barbie heeft voorlopig niet gezorgd voor extra verkoop van Barbie-poppen. Dat meldt moederbedrijf Mattel, dat zijn inkomsten in het tweede kwartaal met 12 procent zag dalen.  ( 3 min )

Na een jaar met ingrepen om de inflatie af te remmen, verhoogt de Europese Centrale Bank (ECB) de rente vandaag mogelijk voor het laatst. Experts denken dat de ECB zo niet meer economische schade wil veroorzaken dan nodig.  ( 6 min )

Werknemers kwamen de afgelopen maanden vaker in opstand voor meer loon. Er waren dan ook meer stakingen en acties dan in de voorgaande jaren. Toch zijn er net zoveel cao's afgesloten, onder meer vanwege de krapte op de arbeidsmarkt  ( 5 min )

Google's parent company did something different in Q2, as revenue growth outpaced spending. With an AI arms race and an uncertain economy though, it's not clear if the company can do it again.  ( 8 min )

Analysts were bullish heading into the burrito chain's second-quarter earnings. The stock is up 51% this year, leaving little room for error.  ( 26 min )

An indictment claims that Tottenham Hotspur owner Joe Lewis lent his pilots $500,000 each to buy stock before insider information became public.  ( 8 min )

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See what today's best CD rates are in every term and how they compare to the previous day's top rates. We track daily CD rates from more than 200 banks and credit unions.  ( 20 min )

Trucking company Yellow is preparing to file for bankruptcy, according to people familiar with the matter, heightening the threat that one of the nation’s largest freight carriers will shut down as customers abandon it amid a cash crunch and union negotiations.  ( 28 min )

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Focus will quickly turn to guidance for the third quarter, typically the best three months for cruise operators.  ( 26 min )

The company also unveiled two major additions to its suite of generative artificial intelligence tools.  ( 26 min )

Mark Zuckerberg’s social media empire has reported a jump in advertising revenues and said that 3 billion people are now regularly checking Facebook.  ( 31 min )

(Bloomberg) -- MaxLinear Inc., a maker of chips for broadband communications, said it terminated its attempt to acquire Silicon Motion Technology Corp., ending a cash-and-stock deal worth $3.8 billion.Most Read from BloombergPowell Has Stopped Handing Gifts to Wall Street on Fed DayHunter Biden Plea Deal in Limbo After Judge Questions TermsFed Raises Interest Rates to 22-Year High, Leaves Door Open for MoreSubway Offers Free Sandwiches That Come With a Lifetime CommitmentUK Billionaire Joe Lewis  ( 7 min )

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Shares of Recursion Pharmaceuticals, Schrodinger and others that are implementing AI are surging.  ( 24 min )

Chipotle Mexican Grill reported quarterly results Wednesday after the market close. The results: strong but missed some Street marks.  ( 8 min )

Meta reported earnings on Wednesday after the bell, beating estimates on the top and bottom line. The company also logged a steeper loss than expected in its VR division, Reality Labs, and revealed its expenses for the year will be higher than anticipated.  ( 9 min )

Meta reported its Q2 2023 earnings on Wednesday after the bell.  ( 7 min )

Stocks drifted after the Federal Reserve's decision to raise interest rates by a quarter percentage point. Fed Chair Jerome Powell said no decisions had been made on whether to continue hiking rates at upcoming policy meetings.  ( 7 min )

Traders appear fixated on Fed Chair Jerome Powell's comments that there's still "a long way to go" in terms of getting inflation down to 2%. Powell said that he doesn't think inflation will be back at that level until around 2025. That's dampening some of investors' recent optimism that inflation w  ( 22 min )

At least two Yellow teams were given a prepared statement that “the company continues to prepare for a range of contingencies.” The post Yellow exec tells sales staff company will file bankruptcy Monday appeared first on FreightWaves.  ( 6 min )

Stocks rose after the Federal Reserve's decision to raise interest rates by a quarter percentage point. Fed Chair Jerome Powell said no decisions had been made on whether to continue hiking rates at upcoming policy meetings.  ( 7 min )

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Stocks rose after the Federal Reserve's decision to raise interest rates by a quarter percentage point. Fed Chair Jerome Powell said no decisions had been made on whether to continue hiking rates at upcoming policy meetings.  ( 7 min )

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The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, citing still elevated inflation as a rationale for what is now the highest U.S. central bank policy rate in 16 years. The rate hike, the Fed's 11th in its last 12 meetings, set the benchmark overnight interest rate in the 5.25%-5.50% range, and the accompanying policy statement left the door open to another increase. "The (Federal Open Market) Committee will continue to assess additional information and its implications for monetary policy," the Fed said in language that was little changed from its June statement and left the central bank's policy options open as it searches for a stopping point to the current tightening cycle.  ( 9 min )

Ruth Porat's new title at the Google parent has Wall Street buzzing.  ( 26 min )

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On Tuesday, Microsoft Corporation (NASDAQ: MSFT) and Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL) both reported their latest quarterly results. But while Google-parent topped expectations across the board, Microsoft’s guidance fell short of expectations, overshadowing the fact its fiscal fourth quarter results surpassed estimates. Microsoft’s Fiscal Fourth Quarter Highlights For the quarter that ended on June 30th, the software maker generated $56.19 billion in revenue that rose 8%, which topped R  ( 8 min )

(Bloomberg) -- The Federal Reserve raised interest rates to the highest level in 22 years and left the door open to additional increases as officials fine-tune their effort to further quell inflation.Most Read from BloombergPowell Has Stopped Handing Gifts to Wall Street on Fed DayHunter Biden Pleads Guilty in Last-Minute Revised Deal With DOJUK Billionaire Joe Lewis Charged in US With Insider TradingRolex, Patek Prices to Keep Falling as Supplies Remain High, Morgan Stanley SaysChina Replaces F  ( 8 min )

The best CDs are already paying record rates, but today's Fed rate hike could nudge them higher still. Here's what to expect for CD rates going forward.  ( 17 min )

Stocks were mixed after the Federal Reserve's decision to raise interest rates by a quarter percentage point.  ( 7 min )

The Federal Reserve is expected to raise rates by 0.25% on Wednesday, resuming its aggressive rate hiking campaign in an effort to bring inflation back to its 2% target.  ( 7 min )

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Old Dominion reported what will likely be best-in-class results for the second quarter and said recent turmoil at competitor Yellow Corp. hasn’t altered its strategy any. The post Old Dominion uses cost control to mitigate slumping demand in Q2 appeared first on FreightWaves.  ( 41 min )

(Bloomberg) -- Bill Gross said he’s selling most of his regional bank holdings, three months after buying stocks including Western Alliance Bancorp and PacWest Bancorp in the wake of the March banking crisis.Most Read from BloombergPowell Has Stopped Handing Gifts to Wall Street on Fed DayHunter Biden Plea Deal in Limbo After Judge Questions TermsFed Raises Interest Rates to 22-Year High, Leaves Door Open for MoreSubway Offers Free Sandwiches That Come With a Lifetime CommitmentMitch McConnell F  ( 31 min )

Shares of the company rose 53.3% to 69 cents in afternoon trade. As part of a prearranged deal, Mallinckrodt will propose to write off about $1 billion from what it still owes to addiction victims and state and local governments, while making a one-time payment of roughly $250 million, the report said, citing people familiar with the discussions. Mallinckrodt did not immediately respond to a Reuters request for comment.  ( 39 min )

Wall Street is sharpening its pencils and doing some math following Tuesday's announcement that UPS and the Teamsters agreed to a new labor contract.  ( 26 min )

Here's how Fed interest rate hikes affect savings products, various types of loans and credit cards.  ( 9 min )

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Despite the market’s big comeback in 2023, there is still one issue keeping positive sentiment in check; the prospect of a looming recession remains real. Nevertheless, J.P. Morgan Wealth Management’s Global Investment Strategist Elyse Ausenbaugh thinks investors have reason to be upbeat. “There are actually a lot of things for investors to feel pretty good about right now – starting with the economy,” Ausenbaugh opined. “In spite of higher interest rates, the economy has stayed a lot more resil  ( 10 min )

Serial entrepreneur Spencer Rascoff is best known as the co-founder and former CEO of the online real estate marketplace Zillow. He also co-founded Pacaso, a platform that aims to make owning a second home more accessible by offering a shared ownership model. Given his role in creating these platforms, one might think that Rascoff must be a big real estate investor. But that's not really the case. In a recent fireside chat, Arrived Co-Founder and CEO Ryan Frazier asked Rascoff whether he has inv  ( 8 min )

The automotive maker's sales grew 6% after seven quarters of year-over-year declines.  ( 18 min )

Rates on 30-year mortgages rose for a second day, raising the flagship average within the lower-7% range seen over the past two weeks. Most other averages moved up as well.  ( 21 min )

The social-media giant has seen a surge after cutting costs and improving ad-targeting.  ( 26 min )

Raymond James cut its rating to Market Perform from Strong Buy. Shares of the big-box retailer are down 14% in the past three months.  ( 26 min )

Drugmaker Mallinckrodt is talking to hedge funds about filing for bankruptcy and avoiding payments intended to help people addicted to opioids.  ( 29 min )

Both big companies said they plan to invest more in infrastructure needed for artificial intelligence. That's great for the chip manufacturer, Jefferies says.  ( 26 min )

Alphabet stock rallied Wednesday after the company reported earnings late Tuesday that beat expectations and staved off some investor concerns around slowing growth in its core ad businesses.  ( 8 min )

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Investors had been convinced that the deal, announced more than 14 months ago, would never close.  ( 26 min )

The solar company expects to add 70,000 to 90,000 residential customers this year, down from its previous outlook for 90,000 to 110,000 customers.  ( 26 min )

The German auto maker is investing $700 million in the Chinese EV start-up. The companies will develop two electric vehicles together.  ( 26 min )

Boosted by inflation cooling down significantly, and ongoing strength in the jobs market, economic prognosticators have recently touted the probability of a soft landing for the economy instead of the previously dreaded prospect of a full-blown recession. Steve Eisman, famous for predicting the housing fiasco of 2008 as told in the Big Short, is amongst those taking that optimistic view. “So far, there’s no evidence of a recession,” Eisman said recently. “So as long as there’s no evidence of rec  ( 10 min )

Bud Light is in the headlines again. The CEO of Anheuser-Busch InBev (NYSE:BUD), the multinational brewing company behind Bud Light, is reportedly planning to go on a tour this summer to listen to consumers. But "Shark Tank" star Kevin O'Leary, also known as Mr. Wonderful, doesn't believe it will turn things around. "I don't think that's going to work," O'Leary said in a recent interview with Fox Business. "He's going to get an earful, there's no question about it. The problem with that tour and  ( 8 min )

PacWest's rescue was a fresh reminder that the banking industry turmoil is still not over. That could help regulators make their case for stronger capital rules.  ( 10 min )

Savers who delayed moving cash into higher-interest accounts or bank CDs still have time to earn better returns on their savings.  ( 27 min )

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AT&T (T), America's biggest telecom company by revenue, reported robust second-quarter earnings as its cost-cutting plan paid off, amid an ongoing 5G rollout and stronger than expected subscriber gains.  ( 19 min )

Stocks were lower Wednesday in the countdown to the Federal Reserve's interest-rate decision, as investors weighed Microsoft and Alphabet results.  ( 7 min )

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The nation needs workers, but college graduates shun low-skill work. Many have opted out of the job market and are ‘lying flat.’  ( 22 min )

In a press release Wednesday, the company said that Prime members would be able to sign up for its $25 plan "seamlessly from the comfort of home."  ( 26 min )

(Bloomberg) -- Just Eat Takeaway.com NV is finding it difficult to complete the sale of its US business, Grubhub Holdings Inc., because of a combination of high price demands from some investors and a weak market for deals, Chief Executive Officer Jitse Groen said. Most Read from BloombergPowell Has Stopped Handing Gifts to Wall Street on Fed DayHunter Biden Plea Deal in Limbo After Judge Questions TermsUK Billionaire Joe Lewis Charged in US With Insider TradingRolex, Patek Prices to Keep Fallin  ( 31 min )

The railroad company named veteran rail executive Jim Vena chief executive, after a major shareholder called for the current CEO’s removal.  ( 25 min )

Union Pacific hired the CEO Wednesday that a hedge fund pressuring the railroad to improve recommended earlier this year, and it cut its outlook after reporting disappointing results driven by weakening consumer demand. The Omaha, Nebraska-based railroad said its former chief operating officer Jim Vena will take over as CEO next month. The Soroban Capital Partners hedge fund that holds a $1.6 billion stake in Union Pacific had been urging the railroad to hire Vena because of his expertise in streamlining operations.  ( 7 min )

It's often said that a million dollars isn't as much as it used to be – but how about $2 million? A retirement fund of that amount can provide $80,000 in annual income - without even touching the principal. While … Continue reading → The post Is $2 Million Enough to Retire on at 55? appeared first on SmartAsset Blog.  ( 11 min )

Now might be a good time to buy. That's the takeaway from a recent Morningstar analysis, which reported in on a seeming contradiction in stock prices. The market as a whole, Morningstar writes, is expensive. But those prices are a bargain … Continue reading → The post Looking for Bargain Stocks? Morningstar Says These Are Cheap appeared first on SmartAsset Blog.  ( 10 min )

I am approaching the time when I'll take required minimum distributions (RMDs) from my individual retirement account (IRA). I am in a quandary about what I can do with this anticipated largesse of cash. I do not necessarily need the … Continue reading → The post Ask an Advisor: I Don't Need Them ‘Dumped Into My Checking Account.' What Can I Do With RMDs? appeared first on SmartAsset Blog.  ( 8 min )

If you're looking to receive passive income with your investments, there are many ways to do it. While your best choice will depend on certain factors, such as your age and risk tolerance, there are many ways to invest $20,000. … Continue reading → The post How to Invest $20,000 for Passive Income appeared first on SmartAsset Blog.  ( 8 min )

Dividends are the bread and butter of income investors. You don't need to sell your assets or spend hours every day managing your accounts. Instead, dividend stocks simply generate income on their own. Putting together a portfolio that generates at least … Continue reading → The post How to Make $1,000 a Month in Dividends appeared first on SmartAsset Blog.  ( 10 min )

How much am I able to earn from an employer if I opt to take my Social Security at age 62 next year? – Glenn To be very clear, you can earn as much money as you want while collecting … Continue reading → The post Ask an Advisor: How Much Money Can I Earn Working After Taking Social Security at Age 62? appeared first on SmartAsset Blog.  ( 41 min )

Volkswagen on Wednesday announced two agreements aimed at strengthening the German carmaker's position in the Chinese market, including a partnership between the Volkswagen brand and China's Xpeng Inc to build two new models. Volkswagen and Xpeng agreed to develop two new VW brand models on the MEB platform at Volkswagen's new technology center in Hefei, to be rolled out from 2026 and featuring Xpeng software on autonomous driving.  ( 6 min )

Boeing stock is climbing higher as the company announced a narrower loss and revenue beat for the second quarter, and reaffirmed its profit and delivery guidance.  ( 8 min )

Both makers of aircraft engines reported higher earnings than expected, but RTX stock tanked because of a quality problem with a key engine.  ( 26 min )

↘️ LVMH (LVMUY): The conglomerate's sales fell slightly in the U.S., in the latest sign that luxury-goods demand [is starting to slow](https://www.wsj.com/articles/lvmh-posts-sharp-rise-  ( 23 min )

As real estate investment trusts (REITs) continue to attract investors seeking consistent income, the focus increasingly shifts to dividend yields—a crucial metric for those eyeing regular income streams. This piece explores five publicly traded REITs with impressive dividend yields, providing insights for potential REIT investors looking to expand their portfolios. SL Green Realty Corp (NYSE:SLG) SL Green Realty Corp specializes in acquiring, managing, and maximizing the value of Manhattan comm  ( 8 min )

Demand from the automotive industry has emerged as a bright spot for the chip industry at a time other clients are cutting back on orders, as carmakers had faced a severe semiconductor shortage over the past two years and their supply chains have only started normalizing in 2023. Israel-based Tower provides customers with analog and mixed-signal semiconductors, mainly for the automotive and consumer industries.  ( 7 min )

Stellantis head Carlos Tavares said on Wednesday that the profitability of Tesla was declining as the rival U.S. automaker entered the real world of manufacturing and competition. "They are entering my world, the world of tight pricing, cost competitiveness, and the operational issues that a big company like ours may face," Tavares told the press, presenting first half results for the Franco-Italian automaker. "The result of the fact that Tesla is now entering my world, is that their profitability moved from more than 17% in the first half of 2022 to 10.5% in the first half of 2023," he said.  ( 39 min )

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Boeing flipped to a $149 million loss in the second quarter despite higher revenue, as the plane maker struggled with higher costs in both its airline and defense business. Boeing said it is beginning to increase production of its two most popular airline planes. Boeing is also boosting output of the larger, two-aisle 787 Dreamliner from four to five per month by year end.  ( 7 min )

Coca-Cola reports second-quarter adjusted earnings of 78 cents a share on revenue of $12 billion.  ( 26 min )

The aerospace giant said it is increasing jetliner production as planned while reducing its debt.  ( 26 min )

The cost of work-life balance shouldn't be the working day, career experts told Fortune.  ( 8 min )

Its defense business, however, continued to face challenges, with three major fixed-price programs - NASA's Starliner capsule, the U.S. Air Force's T-7 training jet and U.S. Navy's MQ-25 tanker drone - recording about half a billion in charges in the second quarter. Boeing reiterated its plan to generate $3 billion to $5 billion in free cash flow this year, as well as to deliver at least 400 single-aisle 737s and 70 787 Dreamliners in 2023. Boeing Commercial Airplanes head Stan Deal said in June that the company would ramp up narrowbody production to 38 a month "very soon."  ( 7 min )

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If you’re confused about the rules surrounding required minimum distributions from retirement accounts in 2023, the IRS is offering some much-needed clarification – and relief. A financial advisor can help you plan for RMDs and manage your taxes in retirement. Find a fiduciary advisor today. When the SECURE 2.0 Act was signed into law in […] The post The IRS May Be Cutting You a Break on Your RMDs This Year appeared first on SmartReads by SmartAsset.  ( 8 min )

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A break below the 50-day simple moving average would shift the focus to long-term support near $25,200, one analyst said.  ( 40 min )

Stock futures slid Wednesday in the countdown to the Federal Reserve's interest-rate decision, as investors weighed Microsoft and Alphabet results.  ( 7 min )

Taiwanese chipmaker United Microelectronics Corp (UMC) said on Wednesday that it sees "uncertain" demand in the third quarter but stuck to its 2023 capital spending plans as its gears up to meet customer demand for artificial intelligence (AI). The semiconductor industry has come under pressure as global economic woes dent demand for chips used in everything from cars to cellphones. UMC's bigger Taiwanese rival TSMC, the world's largest contract chipmaker, last week forecast a drop of around 10% in 2023 sales and flagged investment spending at the low end of estimates.  ( 39 min )

(Bloomberg) -- JPMorgan Chase & Co. sees an opportunity in gold ahead of a likely US recession, predicting prices will push past $2,000 an ounce by year-end and hit fresh records in 2024 as interest rates start to fall.Most Read from BloombergChina Replaces Foreign Minister After Mysterious AbsenceRolex, Patek Prices to Keep Falling as Supplies Remain High, Morgan Stanley Says‘We Were Wrong’: Morgan Stanley’s Wilson Offers Stocks Mea CulpaTwitter Turning Into X Set to Kill Billions in Brand Valu  ( 8 min )

The telecom firm posted free cash flow of $4.2 billion in the three months ended June, compared with analysts' estimates of $3.60 billion, according to Visible Alpha. The results marked an improvement from the first quarter and showed the benefits of a cost-cutting plan that helped shave off more than $1 billion in operating expenses during the reported period through measures such as a reduction in office locations. A lower cost bill is crucial for AT&T as it needs a steady flow of cash to service its net debt of $132 billion and support a dividend that is among the highest for U.S stocks.  ( 7 min )

(Bloomberg) -- Three Japanese market veterans ruminating over beer in Tokyo whether Chinese debt is the deal of the century or the road to ruin sum up the dilemma global investors face in deciding to play in the world’s second-largest bond market.Most Read from BloombergPowell Has Stopped Handing Gifts to Wall Street on Fed DayHunter Biden Plea Deal in Limbo After Judge Questions TermsUK Billionaire Joe Lewis Charged in US With Insider TradingRolex, Patek Prices to Keep Falling as Supplies Remai  ( 33 min )

Both Microsoft and Alphabet report better-than-expected earnings and highlight their investments in artificial intelligence, Snap stock tumbles on a disappointing revenue forecast, PacWest Bancorp is being acquired, and AT&T is scheduled to post quarterly results.  ( 26 min )

U.S.-European carmaker Stellantis on Wednesday reported a 37% boost in earnings in the first half of the year, driven by strong North America income and an increase in electric vehicle sales in Europe. Sales of all-electric vehicles rose by 24% to 169,000 vehicles as Stellantis became the third-largest producer of EVs in Europe, led by the Fiat New 500, Open Mokka and Citroen Berlingo. Stellantis has 25 electric vehicles on the market and is launching another 23 by the end of next year.  ( 6 min )

(Bloomberg) -- In what was a brutal 2022 for investors, there was at least one sure-fire, money-making proposition for much of the year. All they had to do was buy stocks and bonds seconds before Federal Reserve Chair Jerome Powell began speaking at his post-FOMC press conference and dump them as he was wrapping up.Most Read from BloombergChina Replaces Foreign Minister After Mysterious AbsenceRolex, Patek Prices to Keep Falling as Supplies Remain High, Morgan Stanley Says‘We Were Wrong’: Morgan  ( 7 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

Deutsche Bank reported a fall in quarterly profit on higher costs. But it will resume share buybacks as revenue continues to rise. Some highlights from second-quarter earnings at Germany's biggest bank: Net profit fell 22% to €940 million, or about $1 billion, topping consensus forecasts for €74  ( 23 min )

(Bloomberg) -- Rio Tinto Group reported a drop in first-half profit and cut its dividend again as China’s economic slowdown continues to dampen earnings for the world’s biggest mining companies. Most Read from BloombergChina Replaces Foreign Minister After Mysterious Absence‘We Were Wrong’: Morgan Stanley’s Wilson Offers Stocks Mea CulpaRolex, Patek Prices to Keep Falling as Supplies Remain High, Morgan Stanley SaysTwitter Turning Into X Set to Kill Billions in Brand ValueMusk Explains Why He’s  ( 7 min )

Iron ore accounts for 70% of Rio Tinto's profits and its prices could improve going forward as Beijing has pledged to roll out more policies to boost growth after the world's second-largest economy struggled with an uneven recovery in the first half. Average realised prices for Pilbara iron ore slipped to $98.6 per wet metric tonne (wmt) in the first half, 11.1% below last year. The world's largest iron ore producer reported underlying earnings of $5.7 billion for the six months ended June 30, lower than last year's $8.63 billion and a consensus of $5.85 billion, according to Visible Alpha.  ( 7 min )

If you've been hiding out in cash, consider adjusting your portfolio.  ( 26 min )

TOKYO/PARIS (Reuters) -Nissan will invest up to $663 million in Renault's new electric vehicle unit, the automakers said on Wednesday, as they finalised terms of their restructured partnership after months of negotiation clouded by tension. Talks between the two had dragged on months longer than expected, Reuters has reported, due in part to Nissan's concern about protecting its intellectual property in future collaborations.  ( 40 min )

The now-dead pedophile's massive cash withdrawals rang alarm bells at JPMorgan, but he was also one of the bank's most important clients.  ( 10 min )

FRANKFURT (Reuters) -Deutsche Bank posted on Wednesday a 27% fall in second-quarter profit as investment banking revenues slumped, but the drop was lower than expected as higher interest rates fuelled gains at the retail division. Net profit attributable to shareholders was 763 million euros ($843.04 million), down from 1.046 billion euros a year earlier but better than analyst expectations for profit of around 571 million euros. The German lender downgraded its outlook for the investment bank, saying it now expected revenues to be slightly lower in 2023, compared to a previous forecast for flat revenue.  ( 7 min )

The Street sees strong trends in Meta's ad business. But the focus will be on what the company plans to do in AI.  ( 26 min )

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Governments sanction some monopolies, such as monopolies over public utilities, and these monopolies are good for the public interest.  ( 20 min )

Learn how covariance is used to reduce risk in modern portfolio theory, how covariance is calculated and how it is used to provide portfolio diversification.  ( 19 min )

See what today's best CD rates are in every term and how they compare to the previous day's top rates. We track daily CD rates from more than 200 banks and credit unions.  ( 18 min )

An environment where interest rates are rising can offer opportunities within the equity space. These are the sectors that tend to benefit from rising rates.  ( 26 min )

Student debt refers to loans used to pay for college tuition and repaid after the student graduates or leaves school.  ( 23 min )

The S&P 500 was little changed on Wednesday, July 26, 2023 after the Federal Reserve raised interest rates to fight inflation.  ( 17 min )

Dow nearly gives up a 170-point intraday trading gain before finishing in the green for the 13th straight session.  ( 17 min )

TI shares lost ground after the semiconductor maker warned a slump in demand would impact current quarter results.  ( 16 min )

Amazon's Generative AI service is intended to save doctors' time spent on healthcare documentation.  ( 17 min )

It takes a good credit score to get favorable mortgage rates, but how you pay a mortgage will shape your score. Just having one can lower it at first.  ( 22 min )

Boeing was the best-performing stock in the Dow after the plane maker reported a lower-than-expected quarterly loss and a big jump in aircraft deliveries.  ( 16 min )

Interest rates have gone up yet again, putting more pressure on borrowers who are already paying nearly $700 a month more for typical loans than when the Fed’s anti-inflation battle began.  ( 20 min )

The SEC enhanced rules Wednesday that will impact trading platforms such as Robinhood (HOOD) that use predictive analytics to encourage trading. The move comes nearly two and a half years after 'gamification of trading' helped fuel the meme stock frenzy.  ( 18 min )

Homo economicus is a financial term that refers to the belief that a human is a rational person who makes economic decisions that are always in their own self-interest.  ( 21 min )

Real estate valuation helps you choose better investments. Learn what capitalization rate means and techniques for valuing real estate.  ( 30 min )

An apportionment is the allocation of a loss between all of the insurance companies that insure a piece of property. It's used to determine a percentage of liability for each insurer.  ( 21 min )

With the economy’s inflation fever showing signs of breaking, the Fed is administering more of its tough medicine.  ( 17 min )

The best CDs are already paying record rates, but today's Fed rate hike could nudge them higher still. Here's what to expect for CD rates going forward.  ( 17 min )

New home sales dropped 2.5% from May but were up 23.8% year-over-year.  ( 17 min )

Learn more about the impact of supply and demand in an economy. Find out why companies study supply and demand as part of market research.  ( 22 min )

Discover how globalization can lead to unprecedented economies of scale for firms across the world, leading to higher global efficiency and productivity.  ( 20 min )

With Industrias Penoles leading the pack, these are the 10 biggest silver mining companies by 12-month trailing revenue.  ( 21 min )

Snap shares sank as the owner of the Snapchat app warned about current-quarter revenue amid a slump in ad demand.  ( 16 min )

Retirement planning is tricky, especially if you don't have a 401(k). Good news: There are plenty of other ways to save, including through a Roth IRA or a brokerage account.  ( 24 min )

Learn when mutual funds update their price or net asset value (NAV) and why this is different for open-end mutual funds versus closed-end funds.  ( 19 min )

U.S. equities were mixed and little changed at midday on Wednesday, July 26, 2023, ahead of the Fed's decision on interest rates.  ( 16 min )

The automotive maker's sales grew 6% after seven quarters of year-over-year declines.  ( 17 min )

Rates on 30-year mortgages rose for a second day, raising the flagship average within the lower-7% range seen over the past two weeks. Most other averages moved up as well.  ( 20 min )

The global beverage giant sees increased 2023 profit and revenue on higher prices, as global case volume stays flat.  ( 17 min )

A 5/6 hybrid adjustable-rate mortgage (ARM) has an initial fixed interest rate for five years, then adjusts every six months.  ( 20 min )

Robert Half shares dropped after its earnings and revenue missed analysts' estimates as clients cut back on hiring because of macroeconomic uncertainty.  ( 16 min )

A balloon mortgage is a loan with low initial payments but requires the borrower to repay the balance in full in a lump sum.  ( 21 min )

Before taking out a personal loan, you should pre-qualify with several lenders to find the best possible rates. We’ll show you how to pre-qualify for loans and compare your options.  ( 23 min )

Learn the steps you need to take to compare lenders, qualify, and get the best rates and terms with an auto equity loan.  ( 25 min )

AT&T (T), America's biggest telecom company by revenue, reported robust second-quarter earnings as its cost-cutting plan paid off, amid an ongoing 5G rollout and stronger than expected subscriber gains.  ( 19 min )

Discover why gross national income may be a better economic metric than gross domestic product when a country receives substantial income from foreign sources.  ( 21 min )

There’s no shame in having medical debt that you can't pay. Here's how to get help.  ( 26 min )

Variable universal life (VUL) insurance is a permanent life insurance policy with a savings component in which cash value can be invested.  ( 24 min )

ADRs of Alibaba and Meta shares rose after the Chinese company said the American tech giant's AI model can be used by enterprise clients of Alibaba Cloud.  ( 16 min )

Imperiled bank PacWest shares soared in early trade on Wednesday after news of its merger with smaller rival Banc of California in a $1.1 billion all-stock deal.  ( 17 min )

There is no limit to the number of times you can refinance a car loan, so you could refinance as many times as you like. Here's how to know if it makes financial sense.  ( 22 min )

Currencies can provide diversification for a portfolio that's in a rut. Find out which ones you need to know.  ( 32 min )

Microsoft shares lost some of the recent momentum generated by its push for artificial intelligence (AI) as the company's fourth quarter earnings report highlighted a slowdown in its Azure cloud and Windows PC businesses.  ( 18 min )

The Federal Reserve is expected to hike interest rates to their highest levels in 22 years and Microsoft shares fell after its forward guidance didn’t meet analyst expectations. Here’s what investors need to know today.  ( 18 min )

A pick up in advertising revenue in the second quarter for search and YouTube, helped parent Alphabet Inc. beat analyst estimates after weak ad spending driven by macroeconomic concerns dragged earnings in prior quarters.  ( 18 min )

Visa's Q3 profit rose 22% year-over-year as consumers continue to spend, especially on travel. However, shares traded slightly in the red after-hours as profit rose over the previous quarter at the slowest pace since 2021.  ( 18 min )

Mortgage interest is not deductible in Canada, but this strategy could allow you to get the financial benefit anyway.  ( 24 min )

Dow nearly gives up a 170-point intraday trading gain before finishing in the green for the 13th straight session.  ( 1 min )

The S&P 500 was little changed on Wednesday, July 26, 2023 after the Federal Reserve raised interest rates to fight inflation.  ( 1 min )

U.S. equities were mixed and little changed at midday on Wednesday, July 26, 2023, ahead of the Fed's decision on interest rates.  ( 1 min )

The Federal Reserve is expected to hike interest rates to their highest levels in 22 years and Microsoft shares fell after its forward guidance didn’t meet analyst expectations. Here’s what investors need to know today.  ( 1 min )

Het Openbaar Ministerie (OM) is een strafrechtelijk onderzoek gestart naar Heineken. Dat bevestigt een woordvoerder aan het ANP na eerdere berichtgeving van het AD. De bierbrouwer zou blikjes zonder statiegeld hebben gebruikt toen dat al niet meer mocht.  ( 3 min )

De Federal Reserve, het Amerikaanse stelsel van centrale banken, heeft de rente voor de elfde keer op rij verhoogd. Er komt een kwart procentpunt, of 25 basispunten, bij. De belangrijkste rentestand komt daarmee op het hoogste punt in 22 jaar.  ( 3 min )

Coca-Cola heeft in het tweede kwartaal een derde meer winst gemaakt dan in dezelfde periode vorig jaar. Dat komt vooral doordat de frisdrankproducent de prijzen heeft verhoogd.  ( 3 min )

Twitter verandert in X. Het officiële account van het sociale netwerk heet inmiddels al X. De vorige eigenaar van @X moest zijn profiel afstaan. "Ze hebben het me in principe gewoon afgenomen", zegt hij tegen de Britse krant The Telegraph.  ( 4 min )

De inkomsten van LVMH, het bedrijf achter luxemerken als Louis Vuitton en Tiffany's, stegen in het eerste half jaar met 15 procent. Vooral in Europa en Azië liepen de verkopen flink op.  ( 3 min )

Logius heeft in juni 3.154 actieve DigiD-accounts van Nederlandse burgers verwijderd. Dat deed de overheidsinstantie, omdat de accounts werden aangeboden op de criminele handelswebsite Genesis Market.  ( 3 min )

Nu de prijzen van tomaten in India met 500 procent zijn gestegen, grijpen mensen daar massaal naar de tomatenpuree. In de Indiase keuken blijft de verse tomaat steeds vaker achterwege.  ( 3 min )

Samsung kondigde dinsdag twee nieuwe vouwtelefoons aan: de Galaxy Z Flip 5 en de Galaxy Z Fold 5. Hoewel de wowfactor minder wordt, ziet het Zuid-Koreaanse merk nog een grote toekomst weggelegd voor opvouwbare telefoons.  ( 6 min )

De inkomsten van LVMH, het bedrijf achter luxemerken als Louis Vuitton en Tiffany's, stegen in het eerste half jaar met 15 procent. Vooral in Europa en Azië liepen de verkopen flink op.  ( 3 min )

Autobedrijven laten ronkende verkoopcijfers zien over het eerste half jaar van 2023. Maar een deel van de verkochte auto's is eigenlijk vorig jaar al besteld. De orderboeken van Nederlandse autodealers zijn nu leger dan vorig jaar.  ( 5 min )

Just Eat Takeaway, het moederbedrijf van Thuisbezorgd, verkocht in de eerste zes maanden van dit jaar 12 procent minder maaltijden. Begin vorig jaar gingen extra veel maaltijden over de toonbank, omdat toen nog lockdowns van kracht waren.  ( 3 min )

Meta moet in Australië een boete van 20 miljoen dollar betalen. Het bedrijf verzamelde persoonlijke gegevens van mensen die een VPN-app gebruikten, waarmee hun privacy juist beter beschermd moest worden.  ( 3 min )

Het Franse yoghurtjesbedrijf Danone neemt voor nu afscheid van haar bezittingen in Rusland. De bestuursleden en de CEO zijn inmiddels allemaal vervangen, zonder inspraak of toestemming van Danone zelf.  ( 3 min )

Alphabet, het moederbedrijf van Google, boekte meer winst in het tweede kwartaal dan een jaar eerder. Microsoft zag de winst zelfs stijgen met 20 procent. Dat hebben de concurrenten onder meer te danken aan de opbrengst van hun clouddiensten.  ( 4 min )

De online winkel Pieter Pot heeft klanten gevraagd om extra geld op hun accounts te zetten. Dat moet leveranciers weer het vertrouwen geven om de schappen van de verpakkingsvrije winkel te vullen. Een ludieke actie of een laatste noodgreep?  ( 6 min )

Imperiled bank PacWest shares soared in early trade on Wednesday after news of its merger with smaller rival Banc of California in a $1.1 billion all-stock deal.  ( 1 min )

South Korea's SK Hynix posted a quarterly operating loss on Wednesday as overall memory chip prices remained low due to weak demand. The world's second-biggest memory chipmaker reported a 2.9 trillion won ($2.28 billion) operating loss in the April-June quarter, from 4.2 trillion won profit a year earlier. This compared with expectations for a 2.7 trillion won operating loss, according to 22 analyst views compiled by Refinitiv SmartEstimate, weighted toward analysts that are more consistently accurate.  ( 39 min )

The US Virgin Islands included the detail in a new filing for a lawsuit alleging JPMorgan knew for years that Epstein was trafficking girls for sex.  ( 6 min )

Everything around us is being electrified, but where Tesla may be the standard in electric cars, there are a couple of competitors that are rapidly gaining market share  ( 16 min )

(Bloomberg) -- Texas Instruments Inc., the biggest maker of analog semiconductors, gave a lukewarm earnings forecast for the current period, indicating that a slump in demand for key types of electronics is dragging on.Most Read from Bloomberg‘We Were Wrong’: Morgan Stanley’s Wilson Offers Stocks Mea CulpaChina Replaces Foreign Minister After Mysterious AbsenceTwitter Turning Into X Set to Kill Billions in Brand ValueMusk Explains Why He’s Axing Twitter Name, Iconic Bird LogoWho Wants to Keep Hi  ( 7 min )

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Visa Inc. said its adjusted third-quarter profits rose by nearly double digits, as the global payments company continues to benefit from the broad shift by consumers to using credit and debit cards instead of cash. Excluding that one-time cost, Visa's adjusted profits rose 7% from a year earlier. Visa said its payments volume rose 9% from a year earlier, while the number of processed transactions on Visa's network increased 10% from a year earlier.  ( 7 min )

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(Bloomberg) -- New errors with RTX Corp.’s Pratt & Whitney jet engines pushed the aviation and defense giant from its perch as the world’s most valuable aerospace company on Tuesday, losing $15 billion in market capitalization over the course of the trading day. Most Read from BloombergChina Replaces Foreign Minister After Mysterious Absence‘We Were Wrong’: Morgan Stanley’s Wilson Offers Stocks Mea CulpaTwitter Turning Into X Set to Kill Billions in Brand ValueRolex, Patek Prices to Keep Falling  ( 7 min )

There have been abundant returns for investors this year as the markets have staged a remarkable comeback following 2022’s rout. But with both the S&P 500, and particularly the NASDAQ, delivering excellent returns, the big hitters have been responsible for much of the market gains. Raymond James CIO Larry Adam summed it up, saying, “Narrow leadership has been a key theme in the positive performance year-to-date, with mega-cap tech the main driver of the market’s performance… In our 3Q Outlook, w  ( 10 min )

Singapore sovereign wealth fund GIC, one of the world's biggest investors, plans to continue investing in China despite geo-political tensions after chalking up its best showing in eight years in the financial year ended March. Its group chief investment officer Jeffrey Jaensubhakij told Reuters GIC was keen to invest in Chinese companies that do business within China and do not export to the United States. "There are some 'China for China' type of investments that still make sense," he said.  ( 39 min )

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Shares of iRobot tumbled on Tuesday after Amazon said it would lower its purchase price of the home robot maker, which the tech giant bought for $1.7 billion last August in an effort to expand its offerings of smart devices.  ( 18 min )

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The deal, if reached, would end the independence of a regional lender that came under intense scrutiny following the downfall of Silicon Valley Bank.  ( 9 min )

The new CEO of the #Scottsdale company has 17 years of experience in the firearms and ammunition sector. #phoenix $POWW  ( 15 min )

Porat will remain CFO while the company searches for and selects her successor.  ( 7 min )

The telecommunications company is expected to report second-quarter earnings of 60 cents a share on revenue of $29.96 billion.  ( 26 min )

Analysts are expecting a per-share loss of 88 cents from sales of $18.5 billion. But estimates are wide, from a loss of almost 1.30 to a loss of 35 cents.  ( 26 min )

Microsoft on Tuesday reported fiscal fourth-quarter profit of $20.1 billion, or $2.69 per share, beating analyst expectations for $2.55 per share. CEO Satya Nadella said the company remains focused on “leading the new AI platform shift.” Microsoft was an early mover in this year's hype around “generative AI” tools that can help people write documents and create new images and other media.  ( 8 min )

The company kicks off the profit-reporting season for the U.S. chip-manufacturing industry.  ( 26 min )

Shares of RTX, formerly Raytheon, plunged as the company revealed it is dealing with a defective engine part.  ( 17 min )

Microsoft reported fourth quarter results on Tuesday with investors focused on cloud growth, AI, and any updates on the pending acquisition of Activision Blizzard.  ( 8 min )

The billionaire investor Leon Black was sued on Tuesday by an autistic woman who says he raped her in the disgraced financier Jeffrey Epstein's mansion in Manhattan in 2002, when she was 16. In a complaint filed in Manhattan federal court, the woman, using the pseudonym Jane Doe, said that as she was preparing to give Black a massage, Black pinned her down and penetrated her with sex toys, causing her to bleed. She said Epstein later found her crying, but refused to let her see a doctor and said longtime associate Ghislaine Maxwell would take care of her.  ( 6 min )

Microsoft reported fourth quarter results on Tuesday with investors focused on cloud growth, AI, and any updates on the pending acquisition of Activision Blizzard.  ( 8 min )

Google-parent Alphabet's second-quarter revenue exceeded Wall Street expectations on Tuesday, helped by steady demand for its cloud services and a rebound in advertising. Revenue for the quarter ended June 30 stood at $74.6 billion, compared with estimates of $72.82 billion, according to Refinitiv data.  ( 6 min )

The deal, if reached, would end the independence of a regional lender that came under intense scrutiny following the downfall of Silicon Valley Bank.  ( 7 min )

In the land of the bears, Tom Lee is the bull that had a 2023 stampede. “Corporate resilience” should never be counted out, he told CNBC.  ( 8 min )

The S&P 500 is rising partly because investors think the Fed is nearly finished increasing interest rates to rein in rising prices.  ( 26 min )

A Houston-based company's refinery — which was purchased from Shell last year — has exceeded expectations despite supply disruption.  ( 10 min )

Will this pair of Hollywood strikes ever end? It looks like the big corporations are digging in for a long battle, illustrated by Netflix’s recent job posting for a machine learning platform product manager. The position pays a $900,000 annual salary at a time when most actors make around $200 a day, according to the pre-existing SAG-AFTRA contract.  ( 39 min )

Ballmer joined Microsoft as its 30th employee, but thanks to his equity stake and the AI boom, he now ranks as the world's sixth-wealthiest person.  ( 7 min )

Generative AI capabilities can create long-term monetization opportunities for the company, New Street Research says.  ( 26 min )

Hundreds of Facebook users blasted the home improvement retailer for firing 13-year employee Donna Hansbrough.  ( 6 min )

Shares of PacWest fell shortly after The Wall Street Journal reported that Banc of California is in advanced talks to buy the lender. The move comes as the two lenders work to shore themselves up follow  ( 21 min )

The move by the lenders would aim to further shore themselves up following a regional-banking crisis earlier this year.  ( 28 min )

A JPMorgan analysis shows most companies are beating earnings so far. Their stock reactions haven't been overwhelmingly positive.  ( 8 min )

A JPMorgan analysis shows most companies are beating earnings so far. Their stock reactions haven't been overwhelmingly positive.  ( 8 min )

Meme stocks have surged in the last few weeks as retail investors shun pricier stocks for cheaper speculative names, but some experts worry that this could choke the current rally in broader markets. At a time when the wider rally has made some stocks, especially in the tech space, too expensive, the return of meme stocks is offering retail investors a more affordable option to participate in 2023's market rebound and pocket big returns. Roundhill's Meme index hit a one-year high last week and was last up 60% for 2023 so far, dwarfing gains of more than 18% recorded by the benchmark S&P 500.  ( 8 min )

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I’m 77 years old and I requested my 401(k) fund administrator to prepare my RMD. I was told I do not have to withdraw my money if I am still employed. Please confirm if this in fact an IRS rule or that of the fund management company? -Bea That is correct, Bea. If you are […] The post Ask an Advisor: I’m 77 and Still Working. Is it True That I Don’t Have to Take RMDs? appeared first on SmartReads by SmartAsset.  ( 8 min )

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Arlington defense giant RTX reported strong second-quarter earnings Tuesday but the results were overshadowed by the disclosure of a manufacturing defect that could reduce the lifespan of its Pratt & Whitney jet engines.  ( 11 min )

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The five-year labor deal would prevent strike by roughly 330,000 package delivery drivers and package sorters.  ( 26 min )

Meta will report its Q2 2023 earnings on Wednesday after the bell.  ( 8 min )

The tentative deal averts what could have been the largest strike against a single company in US history  ( 8 min )

The company has become a leader in generative AI technology thanks to its cloud infrastructure and relationship with OpenAI.  ( 33 min )

UPS has reached a contract agreement with its 340,000-person strong union Tuesday, averting a strike that had the potential to disrupt logistics nationwide for businesses and households alike. The Teamsters called the tentative agreement “historic” and “overwhelmingly lucrative.” It includes, among other benefits, higher wages and air conditioning in delivery trucks.  ( 6 min )

Regulators view Bitcoin and other proof-of-work cryptocurrencies as commodities. But mining firms can still trip over securities regulations if they’re not careful. This story is part of CoinDesk's Mining Week.  ( 41 min )

Spotify reported its second-quarter results Tuesday, but investors saw this show before. Last week, in fact. The music streaming giant reported a strong quarter of user growth—10 million ne  ( 23 min )

It’s been a red hot summer for travel and for airline stocks. But the inevitable turbulence has arrived in the slightly surprising form of Alaska Air’s earnings.  ( 26 min )

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Alphabet set to release earnings on Tuesday after Wall Street closes its trading day.  ( 11 min )

RTX, the aerospace and defense company formally known as Raytheon Technologies, was the S&P 500’s worst performer in Tuesday morning trading. RTX (ticker: RTX) [lowered its expectations for full-year free cash flow](https://www.barrons.com/articles/rtx-raytheon-stock-price-earnings-490af032?mod=md_  ( 10 min )

Disney downgraded, Meta Platforms upgraded: Wall Street's top analyst calls  ( 8 min )

(Bloomberg) -- Markets should brace for a deep US recession that warrants a dramatic one percentage-point interest-rate cut by the Federal Reserve, warned DoubleLine Capital’s Jeffrey Sherman.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record  ( 8 min )

Since the beginning of January, we’ve seen a steady rise in the stock markets. The NASDAQ is up 35% so far this year, and the S&P 500 has gained 19%. There has clearly been a shift in investor sentiment, away from last year’s bear market. The shift makes sense. The annualized rate of inflation peaked at 9.1% last June, fell to 6.5% by December, and has since fallen further. The June 2023 data showed annualized inflation at just 3%. Additionally, Goldman Sachs currently assesses the probability o  ( 10 min )

(Bloomberg) -- IRobot Corp. tumbled after Amazon.com Inc. lowered the price it’s paying for the Roomba maker to $51.75 per share from $61 per share.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1 Billion ProfitIRobot has entered into  ( 7 min )

The Federal Reserve is expected to raise interest rates for the 11th time at the end of its meeting Wednesday as it continues its fight against inflation.  ( 7 min )

Microsoft is set to report fourth quarter results on Tuesday with investors focused on cloud growth, AI and any updates on the pending acquisition of Activision Blizzard.  ( 8 min )

Passengers have returned to the airways en masse in 2023, which has led to strong performance in airline stocks. It looks like Tuesday’s trading will be a bumpier ride. Alaska Air Group said Tuesday morning it  ( 22 min )

If $1 million was once the consensus target for retirement savings in the U.S., that appears to be changing. A recent Schwab Retirement Plan Services survey found that 401(k) plan participants across the country now believe they must save $1.9 … Continue reading → The post 401(k) Plan Participants Say They Need to Save This Much to Retire appeared first on SmartAsset Blog.  ( 8 min )

Is it possible to earn a paycheck while sitting on the couch watching television? Absolutely, but it takes a bit of work beforehand to set things in motion. By developing online assets, investments and interest payments, you can put your … Continue reading → The post How to Make $1,000 a Month in Passive Income appeared first on SmartAsset Blog.  ( 12 min )

If you have enough money in the bank to last the rest of your life, you can retire. If you don't, you can't. It's as simple as that, although, of course, nothing about retirement is actually simple. Planning out your retirement means making educated guesses about issues well outside your control, from how the market […] The post How Long Will $8 Million Last in Retirement? appeared first on SmartReads by SmartAsset.  ( 10 min )

For a married couple approaching retirement, few things carry more significance than knowing how much income they’ll need to maintain financial stability and live comfortably after they stop working. Budgeting for retirement involves estimating your post-retirement income and calculating your essential and discretionary expenses. This approach helps you to avoid financial pitfalls and increases the […] The post What Is a Good Monthly Retirement Income for a Couple? appeared first on SmartReads b  ( 9 min )

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"We're bouncing along the bottom of a global industrial slowdown," CFO Howard Ungerleider tells Barron's.  ( 26 min )

The music streaming platform's losses widened in the second-quarter as it incurred higher music royalty costs, and felt the impact of podcast cuts.  ( 26 min )

Musk spent $44 billion to buy access to Twitter's installed user base, but he may now find it difficult to protect his investment from commercial theft.  ( 8 min )

The X-ray and ultrasound machine maker managed to keep its costs in check while also seeing an improvement in production and pricing due to availability of electronic components, an issue it had been grappling with along with other industries. GE HealthCare's cost of products rose nearly 9% in the second quarter from a year ago, compared to a faster 11% growth in sales. Johnson & Johnson and Abbott Laboratories, which make medical devices like heart stents and implants, surpassed quarterly profit estimates last week as patients underwent their delayed procedures.  ( 7 min )

Strategists at JP Morgan give increasingly bullish investors something to consider.  ( 8 min )

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The manufacturer reported a profit of 68 cents a share. while Wall Street was looking for 46 cents. It's the kind of news needed to keep the stock rising.  ( 26 min )

NextEra Energy Inc second-quarter profit beat Wall Street estimates on Tuesday, helped by strength in the company's renewable energy unit. Countries have been embracing renewable power in the wake of climate change concerns and global energy uncertainty due to the Russia-Ukraine conflict, with NextEra, the world's largest producer of wind and solar energy, being a major beneficiary. The company's regulated utilities business, Florida Power & Light, added 66,000 more customers year-on-year, boosting its top line while its clean energy unit, NextEra Energy Resources, added 1,665 megawatts of new renewables and storage projects in the second quarter.  ( 6 min )

The manufacturer cites strong orders for jet engines and wind turbines.  ( 26 min )

RTX cuts full-year expectations for free cash flow because of an issue with Pratt & Whitney engines.  ( 26 min )

The chemicals company beat Wall Street expectations but the outlook is disheartening.  ( 26 min )

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The company raised its earnings expectations for the year despite swinging to a quarterly loss.  ( 26 min )

Despite mass mandates for workers to return to the old way of working—in an office from 9 a.m. to 5 p.m.—bosses aren’t having any luck keeping bums on seats until end of play.  ( 7 min )

Verizon Communications on Tuesday posted a surprise rise in wireless subscriber additions as more users upgraded their mobile phones to access its super-fast 5G network in a highly competitive market. The carrier has been trying to aggressively build out its 5G network in the United States, in hopes that it would give it an edge over cheaper offerings from rival telecom players such as T-Mobile. Verizon, whose plans typically cost more than its peers, added 8,000 net monthly bill-paying wireless phone subscribers in the second quarter, compared with estimates for a loss of 11,000, according to analysts polled by Factset.  ( 7 min )

Investors have pinned their hopes on Leqembi, which Biogen sells with Eisai, to power growth as money spinner multiple sclerosis and spinal muscular atrophy (SMA) treatments face fierce competition from cheaper versions and rival drugs. "Biogen's business is in transition," CEO Christopher Viehbacher said in a statement. The company had said in April it would pause or discontinue at least four studies of experimental drugs to focus on more lucrative options including the Leqembi launch and trim costs.  ( 7 min )

Verizon, whose plans typically cost more than its peers, added 8,000 net monthly bill-paying wireless phone subscribers in the second quarter, compared with estimates for a loss of 11,000, according to analysts polled by Factset. Its results come as the sector is rattled by a Wall Street Journal report on July 9 that the company and AT&T were among several telecom operators that abandoned a sprawling network of lead-clad cables, which might have contaminated water and soil. Verizon's total revenue fell 3.5% to $32.6 billion in the quarter ended June 30, missing analysts' estimates of $33.24 billion, according to Refinitiv data.  ( 6 min )

Wall Street is expecting General Motors to post another big quarter on Tuesday and provide updates on its electric vehicle schedule.  ( 8 min )

A plan to tax high-income, older Americans' catch-up 401(k) contributions is set to launch in January, but a myriad of issues could force a delay.  ( 8 min )

General Electric Co on Tuesday raised its full-year adjusted profit forecast, betting on steady demand for aircraft engine spare parts and services from airlines looking to cash in on surging air travel. The Boston, Massachusetts-based company now expects 2023 adjusted profit per share of $2.10 to $2.30, compared with its previous forecast of $1.70 to $2.00. A faster-than-expected recovery in aviation from the pandemic lows has lifted results of engine makers as shortages of commercial planes have forced airlines to use old jets for longer, boosting demand for lucrative aftermarket services.  ( 7 min )

Spotify reported second-quarter earnings before the bell on Tuesday. Here's what to know.  ( 9 min )

Shares of cloud security company F5 surge on better-than-expected earnings. Logitech raises guidance, and Cadence Design stock falls even after an improved outlook. Earnings reports are expected Tuesday from General Electric, General Motors, Microsoft, and Alphabet.  ( 26 min )

(Bloomberg) -- Warren Buffett’s multibillion-dollar purchases of oil and gas investments early in the pandemic paid off when the sector cranked out record earnings in 2022. But instead of selling out for a huge profit this year, the Oracle of Omaha wants more. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is  ( 9 min )

🔎 General Electric (GE): The industrial conglomerate is among the companies scheduled to report earnings ahead of the opening bell, along with General Motors (GM), [Raytheon (RTX)](https://www.  ( 22 min )

(Bloomberg) -- The Federal Reserve is reaching a pivotal moment in its fight against inflation. After more than a year of solid agreement that higher interest rates were needed, differences among policymakers have started to deepen as they weigh when to stop hiking and how long to keep rates elevated.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Econom  ( 9 min )

The Street forecasts the Google parent had earnings of $1.34 a share on sales of $72.86 billion.  ( 26 min )

Unilever on Tuesday reported better-than-expected underlying quarterly sales as the maker of Dove soap and Ben & Jerry's ice cream again raised prices to make up for higher costs. The British company reported a 7.9% rise in underlying sales, beating analysts' average forecast of a 6.4% increase, a company-provided consensus showed.  ( 6 min )

Shares of the software giant are up 44% so far this year, recently setting a record high.  ( 26 min )

With the S&P 500 about 10% higher than where it stood in February, corporate insiders are behaving as though they believe the market’s upside potential is largely exhausted.  ( 26 min )

The U.S. Virgin Islands unveiled new accusations against JPMorgan Chase over the bank's ties to former client Jeffrey Epstein, including executives discussing how the disgraced late financier surrounded himself with "nymphettes." JPMorgan countered that the U.S. Virgin Islands was also to blame for allowing Epstein's sexual abuse of young women and teenage girls, saying the territory used its powers to enable these crimes. The bank accused the territory of facilitating visas that allowed Epstein to bring victims, and of "looking the other way" whenever Epstein arrived at local airports accompanied by young women and girls.  ( 7 min )

(Bloomberg) -- Chinese stocks and the yuan rose sharply after Beijing signaled fresh support for the struggling economy, including further easing of policy curbs in the troubled property sector. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Reco  ( 6 min )

SHANGHAI/BEIJING (Reuters) -China's major state-owned banks were seen selling U.S. dollars to buy yuan in both onshore and offshore spot markets in early Asian trade on Tuesday, three people with direct knowledge of the matter said, moves aimed at supporting the Chinese currency. The dollar sales come after China's top leaders pledged on Monday to step up policy support for the economy amid a tortuous post-COVID-19 recovery, focusing on boosting domestic demand and signalling more stimulus steps. Policymakers also said China will keep the yuan exchange rate basically stable at reasonable and balanced levels, and vowed to invigorate the capital market and restore investor confidence.  ( 6 min )

Billionaire Elon Musk's decision to rebrand Twitter as X could be complicated legally: companies including Meta and Microsoft already have intellectual property rights to the same letter. X is so widely used and cited in trademarks that it is a candidate for legal challenges - and the company formerly known as Twitter could face its own issues defending its X brand in the future. "There's a 100% chance that Twitter is going to get sued over this by somebody," said trademark attorney Josh Gerben, who said he counted nearly 900 active U.S. trademark registrations that already cover the letter X in a wide range of industries.  ( 7 min )

(Bloomberg) -- Chinese stocks are set to advance Tuesday after US-listed shares of mainland companies recorded their biggest one-day gain since early February, spurred by vows from Beijing of further support for the nation’s struggling economy.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of  ( 9 min )

The information sector, which is made up of tech and media companies, was hit the hardest by layoffs over the past year, according to an analysis by Investopedia. Despite the disproportionate impact on tech and media, layoffs remain at historic lows across other industries.  ( 20 min )

When stocks are stagnant and fixed-income yields are crumbling, RCNs can benefit investors.  ( 21 min )

Simply put, realized profits are gains that have been converted into cash.  ( 23 min )

See what today's best CD rates are in every term and how they compare to the previous day's top rates. We track CD rates daily from more than 200 banks and credit unions.  ( 20 min )

Find out how to generate interest in your house, stand out from the competition, and sell a house quickly in a slow market.  ( 25 min )

A 15-year mortgage costs you less since the total interest paid is less than a 30-year, but there are both pros and cons to a 15-year loan.  ( 26 min )

If you’re looking for a flexible way to earn more interest on your savings, Fidelity Investment’s Cash Management Account offers a modest APY and unique perks worth considering.  ( 22 min )

If you are upgrading your home, here are factors to consider so you don't spend more money than you need to.  ( 25 min )

The state of the U.S. economy has economists divided, so much so that some see a recession as unavoidable while others consider it virtually impossible.  ( 21 min )

Investopedia and NY1 are teaming up on a series of biweekly updates tracking the health of New York City’s economy, highlighting the best and worst-performing areas of New York's housing, tourism, leisure and hospitality metrics. areas of New York's housing, tourism, leisure and hospitality metrics.  ( 18 min )

Shares of iRobot tumbled on Tuesday after Amazon said it would lower its purchase price of the home robot maker, which the tech giant bought for $1.7 billion last August in an effort to expand its offerings of smart devices.  ( 18 min )

U.S. markets continued their rally, with the S&P 500 up 0.3% on Tuesday, July 25, 2023, on the strength of corporate earnings reports.  ( 16 min )

3M posted a loss because of "forever chemical" charges, but its adjusted earnings beat forecasts as the firm streamlined operations.  ( 16 min )

Shares of RTX, formerly Raytheon, plunged as the company revealed it is dealing with a defective engine part.  ( 17 min )

Interactive Brokers expanded its overnight trading offerings to include more than 10,000 US stocks and ETFs, one of the widest offerings available to investors.  ( 17 min )

Personal loan rates eased slightly this week to 20.55%, dropping a single basis point since last week when the average personal loan rate sat at 20.56%.  ( 18 min )

The XLF or Financial Select Sector SPDR Fund seeks to track the S&P Financial Select Sector Index.  ( 20 min )

The deal between UPS and the union, which represents 330,000 of its U.S. workers averts a possible strike Aug. 1, when the current agreement between the two parties expires.  ( 17 min )

Take a brief look at some of the major arguments for and against balancing the budget and high debt levels for the U.S., the largest debtor in the world.  ( 23 min )

A retirement budget helps you manage your money after you stop working. In this article, you will learn how to successfully budget for each stage of retirement.  ( 28 min )

Underwriting risk is a term for the risk of loss from underwriting activity, and greatly affects the profits that an insurance company can earn.  ( 18 min )

Private equity (PE) firms have gained a great amount of influence in today's financial marketplace. Check out what they are and how they operate.  ( 29 min )

Should you get a 30-year mortgage? A 15-year one? This mortgage amortization strategy guide helps you decide which mortgage is the best fit.  ( 25 min )

Credit reports containing information belonging to someone else was the most common complaint, with improper use of credit reports being another top issue.  ( 17 min )

General Motors (GM) posted better-than-expected results and raised its outlook again, but concerns about the carmaker’s cost cutting and electric vehicle (EV) production sent shares lower.  ( 17 min )

In the wake of this year's banking crisis, the FDIC is pressing banks to fix the way they report uninsured deposits, or those that exceed the agency's $250,000 insurance limit.  ( 18 min )

Learn about investing in Africa. Our guide covers the best ways to invest in Africa, including stocks, ETFs, mutual funds, ADRs, and real estate.  ( 25 min )

U.S. home prices rose in May for the fourth month in a row, according to the S&P CoreLogic Case-Shiller National Home Price Index.  ( 17 min )

Reconciliation is an accounting procedure that compares two sets of records to check that the figures are correct and in agreement.  ( 24 min )

An amalgamation is a combination of two or more companies into a new entity. Amalgamation is distinct from a merger because neither company involved survives as a legal entity.  ( 22 min )

A baby boomer is a person born between 1946 and 1964, part of a large generation that continues to have a significant impact on the economy.  ( 27 min )

Spotify Technologies added a record quarterly number of new users to its streaming music platform, but its loss, sales, and guidance came in worse than expected after its efforts to cut costs, and shares tumbled.  ( 17 min )

Signum (SIGNA), formerly Burstcoin (BURST), is a cryptocurrency that supports smart contracts and digital assets and uses an energy-efficient proof-of-capacity mining algorithm.  ( 20 min )

Apple is facing a $1 billion lawsuit in the UK for charging 15% to 30% in fees on sales made through its iOS App Store.  ( 17 min )

The U.S. equities rally continued at midday on Tuesday, July 25, 2023, after more positive earnings news.  ( 16 min )

The TMX Group is a large Toronto-based financial services company that operates Canadian exchanges and services dealing in multiple asset classes.  ( 20 min )

Shares of Unilever PLC (UL) were up almost 5% on Tuesday morning following a second-quarter earnings beat by the consumer goods giant.  ( 17 min )

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was a $2 trillion package of emergency assistance approved in 2020 in response to COVID-19.  ( 33 min )

Origination is the process of creating a home loan or mortgage. It involves numerous steps and participants, and you can't get a mortgage without it.  ( 23 min )

Strong subscriber growth amid a successful 5G rollout propelled better-than-expected earnings at Verizon (VZ), even as profits fell from the year-ago quarter.  ( 17 min )

Active-duty members of the military, the National Guard, and reservists are eligible for financial assistance for education. So are their spouses.  ( 22 min )

Learn the basics of how RBOB gasoline is traded, including the specifications for the RBOB futures contract. Discover what impacts the price of RBOB.  ( 21 min )

General Electric raised its full-year guidance for earnings and revenue after reporting a 37% year-over-year increase in profit.  ( 17 min )

Mortgage rates continue to yo-yo above 7%, with the 30-year average inching a few points higher Monday. Most other averages also gained slightly or held steady.  ( 20 min )

The decline in rents may be the start of a trend, according to Realtor.com.  ( 17 min )

Filling out forms to apply for financial aid for college can be daunting, and divorce can make it even more complicated. Here’s what you need to know.  ( 26 min )

Apple Bank offers a variety of CDs with rates that beat the national average, but fall short of the leading issuers. Learn more about Apple Bank’s certificates of deposit.  ( 20 min )

See how the rate of interest in an economy helps coordinate savings, lending, and investing.  ( 21 min )

GM shares climb as the automaker raises its guidance and cuts costs, while shares of Spotify advance after reporting a growing user base and raising prices on its services. Here’s what investors need to know today.  ( 18 min )

Central banks conduct monetary policy, which includes setting interest rates, managing the money supply, and regulating financial markets.  ( 26 min )

Take a deeper look at the nature of supply shocks, an economic phenomenon that dramatically changes the equilibrium level of production.  ( 23 min )

A derivatives transaction execution facility (DTEF) focuses on derivative transactions with underlying assets of excluded commodities or assets.  ( 21 min )

Owner financing involves a seller financing the purchase directly with the buyer. It can offer advantages to both parties.  ( 25 min )

Financial inclusion is the effort to make financial products and services available and affordable to all individuals and businesses.  ( 25 min )

You lose any remaining funds in your flexible savings account at the end of the year. Here is a list of what you can buy with the cash.  ( 22 min )

Shares of RTX, formerly Raytheon, plunged as the company revealed it is dealing with a defective engine part.  ( 1 min )

Interactive Brokers expanded its overnight trading offerings to include more than 10,000 US stocks and ETFs, one of the widest offerings available to investors.  ( 1 min )

The deal between UPS and the union, which represents 330,000 of its U.S. workers averts a possible strike Aug. 1, when the current agreement between the two parties expires.  ( 1 min )

Shares of iRobot tumbled on Tuesday after Amazon said it would lower its purchase price of the home robot maker, which the tech giant bought for $1.7 billion last August in an effort to expand its offerings of smart devices.  ( 1 min )

Apple is facing a $1 billion lawsuit in the UK for charging 15% to 30% in fees on sales made through its iOS App Store.  ( 1 min )

General Electric raised its full-year guidance for earnings and revenue after reporting a 37% year-over-year increase in profit.  ( 1 min )

The U.S. equities rally continued at midday on Tuesday, July 25, 2023, after more positive earnings news.  ( 1 min )

GM shares climb as the automaker raises its guidance and cuts costs, while shares of Spotify advance after reporting a growing user base and raising prices on its services. Here’s what investors need to know today.  ( 1 min )

VanMoof-fietsers die hun fiets ter reparatie nog bij de winkel hadden staan toen die dichtging, kunnen hun rijwiel in de komende weken ophalen. Tot 18 augustus kunnen ze een afspraak maken voor het ophalen van hun waarschijnlijk nog steeds kapotte fiets.  ( 4 min )

Halsoverkop naar huis vanaf je vakantieadres: het overkomt Nederlanders in het zuiden van Europa op dit moment. NU.nl sprak met experts over wat je kunt doen en waar je recht op hebt als je week aan het strand wordt afgekapt.  ( 5 min )

Halsoverkop naar huis vanaf je vakantieadres: het overkomt Nederlanders in het zuiden van Europa op dit moment. NU.nl sprak met experts over wat je kunt doen en waar je recht op hebt als je week aan het strand wordt afgekapt.  ( 7 min )

De prijs van benzine zit al enige tijd weer in de lift. Een accijnsverhoging en duurdere olie spelen hierbij een belangrijke rol. Daardoor is de adviesprijs voor een liter benzine inmiddels opgelopen tot 2,16 euro.  ( 4 min )

Vliegmaatschappijen accepteren niet dat Schiphol mag krimpen. Een groot aantal maatschappijen gaat in cassatie tegen een uitspraak van de rechter die Schiphol toestaat om het aantal vluchten op de luchthaven flink te beperken.  ( 3 min )

Unilever weigert uit Rusland te vertrekken vanwege de oorlog in Oekraïne. Volgens topman Hein Schumacher is blijven "de minst slechte optie". Zo voorkomt het bedrijf achter Calvé, Magnum en Dove dat Rusland activiteiten van Unilever daar nationaliseert.  ( 3 min )

Geld lenen bij banken wordt steeds minder aantrekkelijk, merkt de Europese Centrale Bank (ECB). Banken zijn strenger en maken lenen duurder. En dat is precies de bedoeling van de reeks renteverhogingen van de ECB, die deze week een vervolg krijgt.  ( 5 min )

Het aantal mensen dat in de afgelopen drie maanden een Spotify Premium-abonnement afsloot, is flink gestegen. De muziekdienst heeft inmiddels ruim 220 miljoen betalende abonnees wereldwijd. Toch komt er binnenkort een prijsverhoging aan.  ( 4 min )

Levensmiddelenconcern Unilever heeft opnieuw geprofiteerd van de hogere prijzen voor zijn producten. Het bedrijf achter merken als Dove, Marmite, Knorr, Rexona en Magnum zag de omzet en winst in de eerste zes maanden van dit jaar stijgen.  ( 3 min )

De krapte op de arbeidsmarkt in ons land blijft zorgelijk. Ruim 3,3 miljoen werkenden hebben een beroep dat als zeer krap kan worden omschreven. Vooral in de techniek zijn bedrijven op zoek naar personeel.  ( 4 min )

Modegigant H&M heeft zijn concurrent Shein voor de rechter gesleept. De Zweedse retailer zegt dat zijn Chinese rivaal zonder toestemming kleding kopieert. H&M wil nu een schadevergoeding.  ( 3 min )

Levensmiddelenconcern Unilever heeft opnieuw geprofiteerd van de hogere prijzen voor zijn producten. Het bedrijf achter merken als Dove, Marmite, Knorr, Rexona en Magnum zag de omzet en winst in de eerste zes maanden van dit jaar stijgen.  ( 3 min )

Bedrijven zijn minder hard op zoek naar personeel. Uitzendconcern Randstad merkt dat er minder vraag is dan voorheen. Het bedrijf zag de omzet en de winst in het tweede kwartaal opnieuw dalen.  ( 3 min )

Steeds meer mensen weten hun weg te vinden naar de sportscholen van Basic-Fit. De fitnessketen zag het aantal abonnementen in de eerste zes maanden van dit jaar fors stijgen.  ( 3 min )

De politie zegt de grootste Nederlandse gebruiker van de criminele handelswebsite Genesis Market te hebben opgepakt. Met die aanhouding denken ze "een grote slag" in het onderzoek te hebben geslagen.  ( 3 min )

Betaald krijgen om stroom te gebruiken, tot voor kort was het ondenkbaar. Maar inmiddels duiken elektriciteitsprijzen vrijwel elk weekend in de min, wat vooral gunstig is voor wie een dynamisch energiecontract heeft. Worden prijzen onder nul voortaan normaal?  ( 4 min )

Betaald krijgen om stroom te gebruiken, tot voor kort was het ondenkbaar. Maar inmiddels duiken elektriciteitsprijzen vrijwel elk weekend in de min, wat vooral gunstig is voor wie een dynamisch energiecontract heeft. Worden prijzen onder nul voortaan normaal?  ( 4 min )

The Home Mortgage Disclosure Act (HMDA) is a federal law mandating lenders to maintain records on individual mortgages to help reveal whether they are complying with fair housing laws and meeting community needs.  ( 24 min )

There are countless CD options, and it can be hard to choose. Gain a thorough understanding of Bank of America’s CD rates to make a well-informed decision about opening an account.  ( 21 min )

If you've had a personal check lost or stolen, the best next step is to cancel the check by putting a stop payment order it.  ( 22 min )

Speaking at an event in New York City, FTC Chair Lina Khan addressed the agency’s recent setbacks in court, and suggested that its crackdown against big tech could continue.  ( 18 min )

Effective immediately, most unannounced visits from the IRS will halt, except in rare circumstances.  ( 17 min )

Identity theft isn't covered by the FDIC, so find out what steps you can take to prevent or report this type of consumer fraud.  ( 21 min )

Goldman Sachs and Morgan Stanley have distinct ways of doing business, with one focusing on high rewards and the other on caution.  ( 20 min )

U.S. equities gained after better-than-expected second quarter earnings reports, with the S&P 500 rising 0.4% on Monday, July 24, 2023.  ( 16 min )

Emerging markets like India are engines for future growth. Find out how you can participate.  ( 26 min )

Learn the most commonly selected periods used by traders and market analysts in creating moving averages to overlay as technical indicators on charts.  ( 23 min )

A swimming pool is enormous fun, but will it boost your home's sale price? Here are six home improvements that don't add the value that owners expect.  ( 27 min )

The Federal Reserve is widely expected to raise its benchmark interest rate by a quarter-point on Wednesday, with the real question being what the central bank will do (or not do) to combat inflation for the rest of the year.  ( 18 min )

Identify subtle differences between two excellent investment opportunities, the Vanguard 500 Index Fund and the SPDR S&P 500 ETF.  ( 20 min )

Chevron shares rose after predicting second quarter earnings that beat analysts’ estimates on record production in the Permian Basin.  ( 16 min )

Indexed universal life insurance can help you build wealth and leave a death benefit to your loved ones. However, it has advantages and disadvantages to consider.  ( 27 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 19 min )

The U.S. Federal Reserve has hit Swiss bank UBS with a $268.5 million fine over "misconduct" by its rival, Credit Suisse, before the two merged in March.  ( 17 min )

Spotify shares slid after announcing plans to raise prices for its premium subscription plans Monday.  ( 16 min )

Shares of Becton Dickinson rose to their highest level since 2020 after the FDA gave 501(k) clearance to Becton Dickinson's updated BD Alaris Infusion System.  ( 16 min )

A home equity loan is one way to pay off your credit card debt. It generally has a lower interest rate, but it can also put your home at risk.  ( 25 min )

Renters can help you cover your mortgage payments, but property location, price, and privacy are just a few of the things to consider when you buy a two-family home.  ( 24 min )

You may know Sallie Mae as the bank that services your student loan, but it also offers other banking products, like CDs. Learn more about Sallie Mae’s CD rates.  ( 20 min )

Among the costs of selling a home, you can expect to pay real estate agent commissions and closing fees plus capital gains taxes if their profit exceeds IRS exclusion limits.  ( 23 min )

More than half of CEOs globally are experimenting with generative AI, algorithms that can generate content using a set of inputs, a joint survey by Fortune and Deloitte found.  ( 18 min )

U.S. Bank CD rates are relatively high if you can meet a higher deposit requirement, but some options are unappealing. Existing customers can get personalized rates.  ( 21 min )

Overconfidence bias is a cognitive bias that can hurt investment returns by leading people to overestimate their knowledge and ignore relevant market information and feedback.  ( 25 min )

Carbon accounting, also known as greenhouse gas accounting, is a way for companies to quantify the amount of greenhouse gases (GHGs) they produce. It is similar to financial accounting, but instead of measuring financial impact, carbon accounting measures a company’s climate impact.  ( 21 min )

AMC Entertainment Holdings shares skyrocketed after the theater chain filed a revised stock conversion proposal, and the releases of "Barbie" and "Oppenheimer" drew big crowds over the weekend.  ( 18 min )

The earnings-fueled stock market rally continued at midday on Monday, July 24, 2023.  ( 17 min )

A fixed-rate mortgage is an installment loan that has a fixed interest rate for the entire term of the loan.  ( 25 min )

Find out how Morningstar ranks and rates investments, and why the Morningstar star system is so heavily influenced by modern portfolio theory (MPT).  ( 20 min )

If you want to put some money away for savings, Synchrony Bank’s CD accounts have some of the most competitive rates on the market. See if Synchrony’s CD is the right fit for you.  ( 22 min )

Domino's shares rose after reporting better-than-expected earnings, boosted by its overseas business.  ( 16 min )

A pip is the smallest price increment (fraction) tabulated by currency markets to establish the price of a currency pair.  ( 26 min )

Brian Stelter, the special correspondent for Vanity Fair, and the host of The Hive podcast, explains what's really behind the actor and writer strikes facing the entertainment industry, and how artificial intelligence (AI) is changing the industry forever.  ( 18 min )

Mortgage rates have dropped, with reductions across every loan type. The 30-year average has been in a lower yo-yo pattern since hitting a 20-year high two weeks ago.  ( 20 min )

Johnson & Johnson offers its shareholders the choice to exchange its shares for Kenvue's, the consumer health company it spun off just two months ago.  ( 18 min )

Fixed-rate and adjustable-rate mortgages have similarities and differences, depending on your financial needs and prospects.  ( 28 min )

Trading volatility is an interesting idea, but current ETFs and ETNs do a fairly poor job of it.  ( 24 min )

Learn about currencies that are more valuable than the U.S. dollar, as well as which factors contributed to their strength.  ( 31 min )

Worldcoin uses biometric data like facial and iris authentication to create a unique World ID for each user and distinguish them from AI bots.  ( 16 min )

A derivative is a securitized contract whose value is dependent upon one or more underlying assets. Its price is determined by fluctuations in that asset.  ( 29 min )

A bond rating is a grade given to a bond by various rating services. Learn how the major rating services evaluate an issuer's financial strength.  ( 19 min )

The dividend growth rate is the annualized percentage rate of growth of a particular stock's dividend over time.  ( 24 min )

Learn more about the ground lease, an agreement that allows tenants to develop leased land while the landlord typically assumes ownership.  ( 23 min )

Shares of movie theater chain AMC jump as the company files a revised stock conversion proposal, and Barbie and Oppenheimer bring a big weekend for the box office. Here’s what investors need to know today.  ( 19 min )

An investor would sell a put option if their outlook on the underlying was bullish, and would sell a call option if their outlook on a specific asset was bearish.  ( 24 min )

Trade resumption refers to the commencement of trading activities after they have been shut down or halted for some period of time.  ( 21 min )

Annual premium equivalent (APE) is a common sales measure technique used by insurance companies in the United Kingdom.  ( 18 min )

SR-22 'insurance' is a certificate your state may require if your driver's license has been suspended or revoked and you want to get it reinstated.  ( 20 min )

A condominium involves apartment ownership and a percentage of the common areas while a co-op involves buying shares in a corporation that is the building.  ( 25 min )

An in-depth look at car leasing options for those with bad credit or no credit history.  ( 20 min )

Captive value added (CVA) is financial benefits that occur when a corporation creates a captive insurance subsidiary that it owns and operates.  ( 19 min )

It is possible for an insurer to cancel your policy after an accident but unlikely, unless you are a high-risk driver.  ( 19 min )

Paying off your mortgage in a reasonable amount of time can result in financial security and freedom.  ( 19 min )

Home buyers should be sure to find the answers to these 10 important questions before deciding to buy a property. The investigation will give you a sense of what the home you are about to buy is really like.  ( 22 min )

In real estate transactions, trust deeds transfer the legal title of a property to a third party until the borrower repays their debt to the lender.  ( 27 min )

The balance of payments is how a country tracks how much money is coming in and going out. Learn what makes up the balance of payments and how it works.  ( 24 min )

A future purchase option is a feature of an insurance that allows policyholders to increase their insurance coverage annually.  ( 19 min )

A limited common element is an aspect of a condominium unit that remains the property of the condominium community instead of the tenant.  ( 19 min )

Mortgage insurance protects a mortgage lender or title holder if a borrower defaults on payments, dies, or otherwise can't pay the mortgage.  ( 22 min )

Student Aid Index (SAI) is the name for the factor that determines needs-based financial aid—and there have been several changes to the equation.  ( 23 min )

An all-in-one mortgage combines the features of a checking account, a home equity loan, and a mortgage into one product.  ( 22 min )

A mortgage rate is the percentage of interest that is charged on a home loan. The precise rate you get depends on your credit score and is easily calculated.  ( 22 min )

In addition to making nearly everything more expensive, rising inflation can also result in your student loan interest rates increasing.  ( 25 min )

A captive insurance company is an entity that offers risk mitigation services for its parent company or related entities.  ( 22 min )

The U.S. Federal Reserve has hit Swiss bank UBS with a $268.5 million fine over "misconduct" by its rival, Credit Suisse, before the two merged in March.  ( 1 min )

Shares of Becton Dickinson rose to their highest level since 2020 after the FDA gave 501(k) clearance to Becton Dickinson's updated BD Alaris Infusion System.  ( 1 min )

Spotify shares slid after announcing plans to raise prices for its premium subscription plans Monday.  ( 1 min )

AMC Entertainment Holdings shares skyrocketed after the theater chain filed a revised stock conversion proposal, and the releases of "Barbie" and "Oppenheimer" drew big crowds over the weekend.  ( 1 min )

Domino's shares rose after reporting better-than-expected earnings, boosted by its overseas business.  ( 1 min )

Johnson & Johnson offers its shareholders the choice to exchange its shares for Kenvue's, the consumer health company it spun off just two months ago.  ( 1 min )

U.S. equities gained after better-than-expected second quarter earnings reports, with the S&P 500 rising 0.4% on Monday, July 24, 2023.  ( 1 min )

The earnings-fueled stock market rally continued at midday on Monday, July 24, 2023.  ( 1 min )

Shares of movie theater chain AMC jump as the company files a revised stock conversion proposal, and Barbie and Oppenheimer bring a big weekend for the box office. Here’s what investors need to know today.  ( 1 min )

(Bloomberg) -- It’s rare for corporate brands to become so intertwined with everyday conversation that they become verbs. It’s rarer still for the owner of such a brand to announce plans to intentionally destroy it.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled  ( 9 min )

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Wall Street is looking for earnings per share of o$1.73 from sales of $7.9 billion. It reported earnings of $2.48 from sales of $8.8 billion in the year ago quarter.  ( 26 min )

With A.I. posing the most serious threat that Google’s search business has faced in its history, the pressure is on for Alphabet’s CEO to deliver.  ( 8 min )

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See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 19 min )

Shareholders will be looking for comments on lead-sheathed cables and signs the company has stemed subscriber losses.  ( 26 min )

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(Bloomberg) -- The Dow Jones Industrial Average is pushing back toward its all-time high, technology shares have surged, sentiment among stock investors is soaring, and recession calls are being scaled back.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average  ( 8 min )

Stocks rose on Monday as investors bided their time waiting for a crucial week of earnings to kick off and for a key policy decision from the Federal Reserve.  ( 7 min )

Lenders lowered their uninsured deposits by nearly $200 billion after bank failures.  ( 28 min )

(Bloomberg) -- Last year’s plunge in the S&P 500 made uber bear Mike Wilson the most celebrated stock forecaster on Wall Street. It’s a role he has failed to reprise in 2023. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1 Billion Pro  ( 8 min )

(Bloomberg) -- Wall Street’s ravenous appetite for government bills is about to be tested once again, as the Treasury is likely to further ramp up the size of oncoming auctions to rebuild its decimated cash buffer.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled  ( 7 min )

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(Bloomberg) -- Cerberus Capital Management and Highgate missed two months of payments on a $415 million loan for 30 Courtyard by Marriott hotels, another sign of spreading trouble in commercial real estate.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average  ( 7 min )

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FedEx pilots have voted down an upgraded contract that would have raised pay scales by 30%. The post FedEx pilots reject new labor deal appeared first on FreightWaves.  ( 8 min )

Regional lenders are cutting back on some lending to preserve capital.  ( 25 min )

Here's how T-Mobile beat its ‘dumb and dumber’ competitors, according to Yale's Sonnenfeld and Tian.  ( 13 min )

Financial filings with the SEC can be long and dry, but they usually contain information investors should know.  ( 26 min )

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Alphabet will report its Q2 2023 earnings on Tuesday after the market closes.  ( 8 min )

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Stocks rose during midday trading on Monday, as investors bided their time waiting for a crucial week of earnings to kick off and for a key policy decision from the Federal Reserve.  ( 7 min )

News, analysis and comment from the Financial Times, the worldʼs leading global business publication  ( 5 min )

Analysts from Wells Fargo and Deutsche Bank both cited improvements in the PC industry as a key reason behind their increases.  ( 26 min )

Johnson & Johnson offers its shareholders the choice to exchange its shares for Kenvue's, the consumer health company it spun off just two months ago.  ( 18 min )

Spotify raises its ad-free premium subscription price by $1 to $10.99 a month.  ( 26 min )

Since hitting bottom last October, the S&P 500 has bounced back strongly – in fact, it’s up approximately 27% from that trough. A rally of that magnitude meets the definition of a bull market, and some economists are saying we’re experiencing just that. Among the bulls is Cathie Wood who believes that a big shift is taking place. “The market is starting to look to the other side of the interest rate increase and they’re starting to look at inflation which is crumbling,” she noted. The Fed will h  ( 10 min )

(Bloomberg) -- TC Energy Corp. agreed to sell a 40% stake in two US natural gas pipeline networks for $3.9 billion (C$5.2 billion) in cash, a deal that will allow the Canadian company to meet a goal of reducing its debt ahead of schedule.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosO  ( 7 min )

Tesla CEO Elon Musk has blamed the Fed and high interest rates for everything from depressing the economy to shrinking the company’s margins. Now it seems the company is doing something about it.  ( 8 min )

Tesla CEO Elon Musk has blamed the Fed and high interest rates from everything to depressing the economy, to shrinking the company’s margins. Now it seems the company is doing something about it.  ( 8 min )

Mizuho analyst Vijay Rakesh raised his target price on Nvidia but said the growth of artificial intelligence is a tailwind for AMD and Intel too.  ( 26 min )

The company is planning to transition the operations at its farm in Berea, Kentucky, to its distribution partner Mastronardi Produce.  ( 12 min )

Regulatory uncertainty surrounding Binance, the largest crypto exchange, tends to weigh on crypto prices.  ( 8 min )

(Bloomberg) -- SoftBank Group Corp. is setting up an artificial intelligence-oriented warehousing joint venture with Symbotic Inc. and buying more shares in the supply-chain-services company, according to people familiar with the matter. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosO  ( 7 min )

Tesla downgraded, Netflix upgraded: Wall Street's top analyst calls  ( 8 min )

There are many potential problems for Verizon and AT&T arising from lead-sheathed copper telecommunications cables. How ESG investors view the problem is one of them.  ( 29 min )

AMC stock soared on Monday morning as Barbie and Oppenheimer brought moviegoers back to theaters and a plan to convert stock was halted.  ( 40 min )

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A CIO survey reveals that companies are prioritizing AI applications in their spending plans. That also helps explain why Taiwan Semi noted a softening in demand for chips in its earnings report.  ( 26 min )

The company plans J&J plans on exchanging up to 1.5 million shares of Kenvue stock that it owns, for outstanding shares of J&J common stock.  ( 29 min )

The Federal Reserve is expected to raise rates by 0.25% on Wednesday, resuming its aggressive rate hiking campaign in an effort to bring inflation back to its 2% target.  ( 10 min )

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Bitcoin and other cryptocurrencies were falling on Monday ahead of the Fed meeting. Elsewhere, OpenAI CEO Sam Altman celebrated the launch of Worldcoin.  ( 47 min )

The electric vehicle maker's stock is bumped to Neutral from Buy by UBS analyst Patrick Hummel. Full self-driving technology is the next catalyst for the company, he says.  ( 26 min )

With AMC quickly filing a modification of the settlement plan, after it was rejected by a judge Friday. The volatility surrounding the stocks could well be here to stay.  ( 26 min )

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The company plans J&J plans on exchanging up to 1.5 million shares of Kenvue stock that it owns, for outstanding shares of J&J common stock.  ( 29 min )

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Drillers and servicers of ocean wells have climbed ahead of the broader market.  ( 26 min )

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(Bloomberg) -- Listen to Wall Street’s top economists and you’ll hear the same message again and again: The risk of a recession is fading fast. And yet, in the bond market, the traditional warning that a downturn is near — an inversion of the yield curve — keeps getting louder.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWh  ( 8 min )

Shares of movie theater chain AMC jump as the company files a revised stock conversion proposal, and Barbie and Oppenheimer bring a big weekend for the box office. Here’s what investors need to know today.  ( 19 min )

Demand for storage space has waned from the heights of the pandemic, as people return to offices, and some analysts expect more consolidation in the sector. The acquisition reflects Public Storage's continued execution of its opportunistic growth strategy, the company said, adding it will deepen its presence in fast-growing markets.  ( 6 min )

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UPS and the Teamsters union are set to resume talks on a new collective bargaining agreement this week before the current deal expires at the end of July and an August strike looms.  ( 9 min )

Bitcoin and other cryptocurrencies were falling on Monday ahead of the Fed meeting. Elsewhere, OpenAI CEO Sam Altman celebrated the launch of Worldcoin.  ( 36 min )

Johnson & Johnson said on Monday it had launched an exchange offer for its investors to exchange J&J's shares with those of its consumer health unit Kenvue. J&J, which currently owns an 89.6% stake in the consumer health unit, said it intends to split off at least 80.1% of Kenvue's shares as part of the offering.  ( 6 min )

The U.S. housing market could take years to recover from the recent spike in mortgage rates, with property prices expected to fall at least 2.4% next year.  ( 8 min )

The highly shorted AMC common shares were the most traded across all stocks trading before the opening bell at 05:58 a.m. ET, surging 59% to $6.99. A Delaware court judge said on Friday she cannot approve a deal that would potentially provide current shareholders with additional shares worth $129 million as it would also settle potential claims by preferred shareholders who were not represented in the lawsuit. AMC investors had sued the company in February, alleging a plan to convert preferred stock to common stock was enacted to circumvent the will of common stock holders who opposed the issuing of new shares.  ( 7 min )

One analyst pointed out the $27,000 level could be a short-term target for bitcoin amid the lack of positive news.  ( 7 min )

Stocks nudged higher Monday, as investors bided their time waiting for a crucial week of earnings from Big Techs and others to kick off and for a key policy decision from the Federal Reserve.  ( 7 min )

Stocks nudged up in muted premarket trading Monday, as investors bided their time waiting for a crucial week of earnings from Big Techs and others to kick off and for a key policy decision from the Federal Reserve.  ( 7 min )

Johnson & Johnson said on Monday it had launched an exchange offer for its investors to exchange J&J's shares with those of its consumer health unit Kenvue. J&J, which currently owns an 89.6% stake in the consumer health unit, said it intends to split off at least 80.1% of Kenvue's shares as part of the offering.  ( 6 min )

(Bloomberg) -- Worldcoin, the token of the crypto project co-founded by OpenAI Chief Executive Officer Sam Altman, rallied on its first day of trading on Monday as investors piled into the hype around artificial intelligence. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vi  ( 6 min )

The fanfare around Margot Robbie-starrer "Barbie" could jolt the iconic Mattel doll's sales out of a year-long slump, but Wall Street thinks the party in pink will be short-lived. While Mattel will report second-quarter results on Wednesday, days after the theatrical release of the movie, analysts say the boost for Barbie sales will be most pronounced in the quarter ending Sept. 29 before tapering off. The company will likely get a small cut of the movie's box-office innings, though the biggest benefit is expected to come from toy sales following the marketing blitz around its release.  ( 7 min )

The beast that is Microsoft is still worth a look by investors, despite a hot run in the stock this year.  ( 8 min )

The beast that is Microsoft is still worth a look by investors, despite a hot run in the stock this year.  ( 8 min )

Executives promise ‘the demise of dieting.’ Could we be so lucky?  ( 15 min )

The centerpiece event of the week is the Fed's policy meeting, with the central bank expected to raise interest rates by 25 basis points on Wednesday. A majority of economists polled by Reuters still expect this will be the last increase of the current tightening cycle, after data this month showed signs of disinflation, eliminating the need for the Fed to lift rates further and supporting the thesis that has helped buoy stocks in recent weeks. The tech-heavy Nasdaq has rallied 34% so far this year, outperforming its Wall Street peers, as rate-sensitive megacap growth companies jumped on hopes that the Fed's aggressive rate hike cycle will end soon and optimism over artificial intelligence.  ( 7 min )

Bitcoin will have to remain above US$29,500 to prevent further bearish momentum, industry experts told Forkast.  ( 8 min )

Uninsured deposits are currently around 40% of all U.S. bank deposits–up from only 20% three decades ago.  ( 8 min )

Regulators and academics say some digital asset exchanges inflate trading volumes.  ( 27 min )

Tesla is downgraded to Neutral from Buy by UBS analyst Patrick Hummel. Full self-driving technology is the next catalyst for Tesla, he says.  ( 26 min )

AMC Entertainment files a revised stock conversion proposal, Chevron issues a second-quarter performance update better than expectations, and Tesla shares are downgraded.  ( 27 min )

A downturn in euro zone business activity deepened much more than expected in July as demand in the bloc's dominant services industry declined while factory output fell at the fastest pace since COVID-19 first took hold, a survey showed. HCOB's flash Composite Purchasing Managers' Index (PMI) for the bloc, compiled by S&P Global and seen as a good gauge of overall economic health, dropped to an eight-month low of 48.9 in July from June's 49.9. "The euro zone economy will likely move further into contraction territory in the months ahead, as the services sector keeps losing steam."  ( 6 min )

U.S. stock market futures pointed to small gains at the open on Monday as investors prepare for a busy week of earnings from big technology companies and the Federal Reserve’s monetary-policy meeting. Microsoft and Google-parent Alphabet will kick off the [string of tech earnings](https://www.barro  ( 12 min )

(Bloomberg) -- India rejected Chinese carmaker BYD Co.’s proposal to build a $1 billion electric-vehicle plant in partnership with a local company, according to people with knowledge of the matter.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Re  ( 8 min )

(Bloomberg) -- Plunging margins for petrochemicals are set to take a bite out of Big Oil’s quarterly profits, adding to the pain companies are feeling from lower oil and gas prices.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1 Billi  ( 9 min )

(Bloomberg) -- Shares of Country Garden Holdings Co. are expected to drop 35% as liquidity concerns surrounding China’s private builders are unlikely to ease anytime soon, according to JPMorgan Chase & Co. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average  ( 8 min )

AMC Entertainment CEO Adam Aron said on Sunday the company filed a revised petition for a stock conversion plan to address the Delaware court's concerns over other shareholders. AMC had proposed a plan to allow it to convert preferred stock to common stock and issue millions of new shares. It was sued in February by investors over how the shareholder vote on the plan was conducted.  ( 7 min )

Chinese e-commerce giant Alibaba says it does not plan to sell any shares in its one-third shareholding in financial technology company Ant Group because it wants to retain its stake in an “important strategic partner.” Alibaba Group Holdings said in a filing Sunday that it will not participate in Ant’s share buyback program. Ant, which operates one of China’s leading mobile payments services Alipay, has seen its valuation fall nearly 70% from about $280 billion ($38.9 billion) at the time it was planning an IPO in 2020.  ( 7 min )

Vodafone reported first-quarter group service revenue growth of 3.7% on Monday, driven by a strong performance in Britain, and an improvement in the rate of decline in Germany, Italy and Spain.  ( 6 min )

An electric truck which was previously damaged reignited at Nikola's Phoenix, Arizona headquarters on Sunday afternoon but there were no injuries, the electric-truck maker said.  ( 6 min )

The Amsterdam-based group, a former industrial conglomerate that now focuses on medical technology, reported adjusted earnings before interest, taxes and amortization (EBITA) of 453 million euros ($503.78 million) for the April-June period, above the 394 million euros seen in a company-compiled poll. Its adjusted EBITA margin is now seen at the upper end of its previously forecasted high-single-digit range. Philips, which is facing lawsuits over its recall of respiratory devices, said it had produced approximately 99% of the new replacement respiratory devices and repair kits required for the remediation of the registered affected devices.  ( 7 min )

The next two weeks will bring earnings reports from Microsoft, Meta, Amazon, Alphabet and Apple.  ( 26 min )

Kenvue, spun off from Johnson & Johnson in May, generated $15 billion in sales last year, enough to put it at rank 275 on 2022's Fortune 500 list.  ( 7 min )

Adidas got orders for 4 million pairs across May and June, more than it expected, and it was unable to meet the demand, the FT reported, citing people familiar with the matter. The company said in May it would start selling some of the Yeezy shoes from its defunct partnership with Ye, the rapper formerly known as Kanye West, at the end of May and planned to donate some of the proceeds to organisations fighting antisemitism and racism.  ( 6 min )

U.K. companies are trading at about a 20% discount to global peers, according to Charles Luke, an investment manager at Murray Income Trust. That gives them scope to catch up.  ( 26 min )

(Bloomberg) -- Germany’s automakers announced bold plans the last several years to shift to electric cars and challenge Tesla Inc.’s dominance. Instead, they’re only falling further behind.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15  ( 9 min )

The damaged trucks were kept at the company's Phoenix site for "safety monitoring and the ongoing investigations." Nikola last month reported a fire around its headquarters and said it suspects foul play behind the incident that affected multiple trucks but caused no injuries.  ( 39 min )

The plant will have an initial production capacity of 34 gigawatt hours (GWh). "This new facility will contribute to reaching our aggressive target to offer at least 25 new battery electric vehicles for the North American market by the end of the decade," Stellantis CEO Carlos Tavares said in a statement. Stellantis, whose brands include Peugeot, Jeep, Ram, Alfa Romeo, Citroen and Opel, has announced plans to reach 100% electric passenger car sales in Europe and 50% car and light truck electric mix in the U.S. by 2030.  ( 7 min )

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(Bloomberg) -- The cryptocurrency of OpenAI Inc. Chief Executive Officer Sam Altman is set to launch Monday, Semafor reported.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1 Billion ProfitA breakdown of how the Worldcoin tokens will b  ( 6 min )

(Bloomberg) -- Posco Holdings Inc. shares jumped as much as 24% on Monday, the most on record, extending a July rally on strong quarterly profits and amid frenzied retail buying of stocks related to electric-vehicle batteries. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader V  ( 7 min )

(Bloomberg) -- Equities look primed for early gains Monday as markets open in Japan and Australia, before sentiment turns more cautious when trading gets underway in China.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1 Billion Profit  ( 8 min )

SHANGHAI/SYDNEY (Reuters) -Stocks and bonds in China's real estate industry fell to around eight-month lows on Monday as repayment concerns at two of the country's biggest developers deepened a crisis of confidence in the sector. Cash shortages at giants Country Garden and Dalian Wanda show funding issues have reached what many hoped were the largest and safest players in a business that once contributed a quarter of China's gross domestic product and is all but frozen. Country Garden shares fell by 8.7% to HK$1.26, an eight-month low and shares in its services arm tumbled 17.9% to HK$7.4.  ( 8 min )

(Bloomberg) -- Oil fell after four weekly gains as traders weighed prospects for another hike from the Federal Reserve against signs of a tighter market.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1 Billion ProfitWest Texas Intermed  ( 6 min )

(Bloomberg) -- China’s top leaders will fail to deliver big-bang stimulus for the weakening economy this week, economists say, disappointing financial markets seeking strong action to counter the downturn. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average  ( 8 min )

The oil giant reported higher-than-expected profit in the second quarter.  ( 25 min )

Bitcoin rose on Monday morning in Asia to reclaim the US$30,000 support level. Ether moved higher, while most other top 10 non-stablecoin tokens also gained.  ( 7 min )

(Bloomberg) -- Alibaba Group Holding Ltd. has decided not to sell any part of its one-third stake in Ant Group Co. during the Chinese fintech leader’s imminent share buyback, saying it wants to maintain its slice of an important partner.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOi  ( 8 min )

Oil price gyrations following Russia's invasion of Ukraine meant profits of $15.1 billion that Vitol shared with its staff, Bloomberg reported.  ( 7 min )

Vezels van vlas en hennep kunnen de bouw een stuk milieuvriendelijker maken, concluderen onderzoekers van ABN AMRO. Daarvoor moet er wel meer van verbouwd gaan worden, bijvoorbeeld in Oost-Europa.  ( 4 min )

Mensen die voor het eerst een woning kopen, zien de huizen sneller in waarde dalen dan mensen die doorstromen naar een volgend koophuis. Dat komt vooral door de hogere hypotheekrente.  ( 3 min )

Elon Musk verandert Twitter in X. Op de webversie is het vogeltje uit het logo al vervangen door de letter X. Het is de zoveelste plotselinge verandering sinds de overname van het bedrijf door Musk. Merkendeskundigen noemen hem onnavolgbaar.  ( 4 min )

Elon Musk verandert Twitter in X. Op de webversie is het vogeltje uit het logo al vervangen door de letter X. Het is de zoveelste plotselinge verandering sinds de overname van het bedrijf door Musk. Merkendeskundigen noemen hem onnavolgbaar.  ( 5 min )

De Zwitserse bank UBS moet de Amerikaanse en Engelse centrale banken een boete betalen van bijna 400 miljoen dollar. Dat is vanwege het risicovolle gedrag van de overgenomen bank Credit Suisse.  ( 3 min )

De snacksector is het niet eens met de beschuldiging dat snackbars winst maken op plastic verpakkingen. Zij moeten sinds 1 juli een toeslag rekenen aan de klant voor wegwerpplastic. Zien we daardoor bij frituurders ineens meer herbruikbare verpakkingen?  ( 4 min )

De meeste problemen bij statiegeldmachines in supermarkten zijn opgelost. Met een nieuw systeem heeft ontwikkelaar Tomra naar eigen zeggen 90 procent van de overlast bij klanten verholpen. Door een cyberaanval konden consumenten bij een klein deel van de supermarkten hun statiegeldflessen en -blikjes niet kwijt.  ( 3 min )

Muziekdienst Spotify heeft maandag zijn maandprijzen verhoogd. In Nederland betaal je voor een Premium-abonnement voortaan 11 euro per maand. Dat is 1 euro duurder dan voorheen.  ( 3 min )

Sneaker-liefhebbers hebben de afgelopen tijd voor 508 miljoen euro Yeezy-sneakers besteld bij adidas. Het gaat om sportschoenen die over zijn na de breuk tussen het Duitse sportmerk en rapper en modeontwerper Ye, die vroeger Kanye West heette.  ( 3 min )

De schoolvakanties zijn begonnen en dat betekent dat iedereen tegelijk naar de camping of de Spaanse costa wil. We nemen in de zomer gemiddeld zo'n drie weken vrij. Werkgevers en werknemers weten dat in de meeste gevallen goed te regelen.  ( 5 min )

Philips gaat zoveel mogelijk werknemers die in Nederland hun baan verliezen vanwege de reorganisatie begeleiden naar ander werk. Het concern heeft met meerdere bedrijven in de regio Eindhoven contact om medewerkers onder te brengen.  ( 4 min )

Fletcher Hotels moet voortaan duidelijker zijn over de voorwaarden van vouchers die klanten kunnen kopen. Dat meldt toezichthouder ACM, nadat een aantal klanten heeft geklaagd over onverwachte extra kosten bij het gebruik van de voucher.  ( 3 min )

Twitter-eigenaar Elon Musk wil af van het huidige logo van Twitter. De vogel verandert in de letter X. "Binnenkort zeggen we gedag tegen het Twitter-merk", schrijft Musk op zijn account.  ( 4 min )

De Franse autoriteiten zijn eerder dit jaar een onderzoek gestart naar Philips. Het Nederlandse concern zou mogelijk gevoelige informatie over huishoudelijke apparaten hebben uitgewisseld met andere bedrijven en daarmee mededingingsregels hebben overtreden.  ( 3 min )

De schoolvakanties zijn begonnen en dat betekent dat iedereen tegelijk naar de camping of de Spaanse costa wil. We nemen in de zomer gemiddeld zo'n drie weken vrij. Werkgevers en werknemers weten dat in de meeste gevallen goed te regelen.  ( 4 min )

Chevron Corp's second-quarter earnings topped Wall Street estimates, the company said on Sunday, and Chief Executive Michael Wirth also signaled the number two U.S. oil company remains open to more acquisitions and to increasing shareholder distributions this year. In a rare preview of its results that coincided with the announced retirement of its finance chief, Chevron disclosed a $6 billion net profit in the quarter ended June 30. While that profit is almost half of the record profit in the same period last year, the $3.08 a share adjusted profit beat Wall Street's $2.97-a-share consensus estimate.  ( 7 min )

"Yesterday we along with the plaintiffs, filed with the Delaware Court, a modification of the legal release surrounding the settlement of the Delaware litigation in an effort to address the Court's voiced concern," AMC CEO Adam Aaron said in a letter to investors. He emphasized raising capital for the company's survival and said "to protect AMC's shareholder value over the long term, we MUST be able to raise equity capital." Aaron also mentioned that in a March 14 special election a majority of the AMC common shareholders and preferred shareholders supported his views on the stock conversion.  ( 7 min )

(Bloomberg) -- Chevron Corp. posted better-than-expected earnings as output in the Permian Basin soared to a record and the oil giant said it waived the mandatory retirement age for Chairman and Chief Executive Officer Mike Wirth.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trade  ( 8 min )

(Bloomberg) -- A few years ago, top investment bankers at Goldman Sachs Group Inc. wouldn’t even bother picking up phone calls from recruiters at smaller rivals. This year, managers at Jefferies Financial Group Inc., Evercore Inc. and PJT Partners Inc. say they’ve been inundated with CVs from the likes of Goldman, Barclays Plc and Credit Suisse.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally Bela  ( 13 min )

Production in the Permian Basin rose 11% from the second quarter last year, Chevron said on Sunday. The oil major also announced a new CFO.  ( 26 min )

The union says a key pension and benefits fund agreed to maintain healthcare coverage after debt-laden Yellow missed a monthly contribution.  ( 25 min )

(Bloomberg) -- AMC Entertainment Holdings Inc. has revised a stock-conversion proposal after a surprise court ruling scuttled an earlier version of the plan and caused the movie-theater chain’s shares to jump. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Aver  ( 8 min )

U.S. trucking firm Yellow averted a threatened strike by 22,000 Teamsters-represented workers on Sunday, saying the company will pay the more than $50 million it owed in worker benefits and pension accruals. "Agreement by the Central States at the urging of the Teamsters gives Yellow 30 days to pay its bills with the understanding the company will do so within the next two weeks," Teamsters union said on Sunday. Yellow is the third-biggest U.S. trucking company specializing in the less-than-truckload segment that combines shipments from different customers in the same trailer.  ( 7 min )

Craftsman's effort to create a highly-automated factory for tool production in Fort Worth, Texas, came to an end earlier this year when the facility was shutdown.  ( 9 min )

(Bloomberg) -- Chevron Corp. reported second-quarter earnings of $6.01 billion, beating analyst estimates.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1 Billion ProfitThe figures, while down 48% from the same period last year, topped  ( 7 min )

U.S. oil major Chevron Corp on Sunday said Pierre Breber, vice president and chief financial officer, will retire from Chevron in 2024 and named current chief technical officer Eimear Bonner as his successor from March 1, 2024. Chevron's independent directors waived the company's mandatory retirement age of 65 for its chairman and chief executive officer, Mike Wirth, who will turn 63 later this year, the company said.  ( 6 min )

For the June quarter, analysts expect the pizza chain's same-store sales to come in 1% higher than a year ago.  ( 26 min )

The Federal Reserve is expected to raise interest rates on Wednesday. Plus, earnings reports from Alphabet, Microsoft, Visa, General Electric, Verizon, Meta Platforms, and more.  ( 27 min )

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Just because valuations are high at a given moment does not mean the next 12 months’ return will be weak.  ( 12 min )

U.S. policymakers and agencies are looking for ways to regulate autonomous vehicles on a larger scale. First, there’s the National Highway Traffic Safety Administration (NHTSA), which plans to announce a new rule-making in September that could benefit AV companies like Cruise and Zoox, both of which have plans to launch purpose-built robotaxis that don’t have steering wheels or pedals. General Motors, which owns Cruise, submitted a petition in February 2022 to NHTSA to deploy up to 2,500 of the Cruise Origins annually without human controls and may soon have an answer.  ( 14 min )

C3 AI's been on a tear in the public markets this year, up a staggering 260% year-to-date. However, the C3 picture is more complicated than the skyrocketing stock might suggest.  ( 11 min )

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A broader market rally doesn't mean we're headed for a soft landing, says one strategist. He believes the markets are overbought and due for a correction.  ( 8 min )

Few things fire up the imagination of wealth better than a gold mine. After all, while money doesn’t grow on trees, we can actually dig it up out of the ground. Our wealth-related metaphors often revolve around gold, with phrases like ‘things as good as gold’ and ‘an asset that’s like a gold mine.’ Indeed, gold stands as the ultimate symbol of riches and prosperity. While owning a gold mine might be a distant dream for many, investing in the stock of a gold mine presents an entirely feasible opp  ( 10 min )

Workers at firms like Nvidia, Amazon, Apple and Microsoft have seen big jumps in their company shares, but many don’t know the tax hit those earnings could bring  ( 19 min )

I'm in my mid-40s, married with four kids. My husband doesn't want to work and has left the financial responsibilities to me for as long as I can remember. I don’t have much in my savings account or in my 401(k). My annual income is only around $85,000. My eldest is about to start college, […] The post Ask an Advisor: I Have 4 Kids and Make $85k But My Husband Doesn’t Work. How Do I Start Investing So I Can Pay for College? appeared first on SmartReads by SmartAsset.  ( 9 min )

U.S.-based investment firm Bain capital said on Sunday that it has entered into an agreement to acquire 90% of Adani Capital and Adani Housing, buying out the Adani family's private investments in the company.  ( 5 min )

I will be retiring at the end of this year. I am trying to decide between two choices on how to best use $40,000 that I anticipate I will have as extra money by the end of the year. My only debt is the payoff of one automobile, which is about $40,000. Or, I can […] The post Ask an Advisor: I’m Retiring at the End of This Year and Will Have an Extra $40K to Invest. Should I Pay Off My Car Loan or Buy Dividend Stocks? appeared first on SmartReads CMS - SmartAsset.  ( 9 min )

Real estate has become an increasingly popular choice among investors of just about all classes. Whether you're a large investor purchasing entire properties, or a retail investor buying into REITs or ETFs, this asset class can be a strong choice for your portfolio. But, according to a recent publication from Origin Investments, there's a risk […] The post For Real Estate Investors, Costs Are Rising Due to This Unexpected Cost appeared first on SmartReads by SmartAsset.  ( 9 min )

If you retire with $750,000 in your portfolio, how long will it last? This is one of the most important questions in retirement and the answer is, it depends. It depends on a wide range of individual factors, from where you live and how much you spend to how you invest. No one can give a general […] The post How Long Will $750,000 Last in Retirement? appeared first on SmartReads CMS - SmartAsset.  ( 10 min )

Working a job with set hours, solid benefits, and fully remote flexibility is Gen Z’s answer to hustle culture.  ( 10 min )

(Bloomberg) -- US stocks are approaching a record high and the outlook for Corporate America is only expected to brighten. Now investors are waiting to see if the Federal Reserve derails the market’s bull run.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Avera  ( 8 min )

Telecom stocks have sagged under heavy debt and concerns about slowing growth.  ( 25 min )

The Communist Party is becoming less timid in its retaliation against American economic warfare  ( 8 min )

Stock more than doubles from a year ago as the conglomerate continues its breakup into three companies.  ( 25 min )

As the stock market rally begins to broaden, a Federal Reserve meeting and quarterly reports from more than 150 S&P 500 companies await investors in the week ahead.  ( 11 min )

China remains attractive to global pharmaceutical companies even as many multinationals shift their focus elsewhere.  ( 25 min )

President Joe Biden's efforts to eliminate junk fees won't necessarily save shoppers any money, critics warn. Here's why.  ( 10 min )

(Bloomberg) -- Elon Musk said he wants to drop the Twitter logo soon and eventually get rid of the birds that have long been its signature.Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay on Record $15.1 Billion ProfitThe billionaire tweeted a shimmer  ( 6 min )

(Bloomberg) -- China has announced several measures recently to boost the economy and made a number of pledges to improve the business environment as concerns about the growth outlook continue to mount. Most Read from BloombergThe Bear Market Has Nearly Been Erased, Fewer Than 20 Months After It BeganPutin Warns Poland Over ‘Aggression’ Against Ally BelarusUS Recession Becomes Closer Call as Economists Rethink ForecastsWhy South Africa Is on the Brink of ChaosOil Trader Vitol Doubled Average Pay  ( 7 min )

Employers far beyond restaurants rely on the practice to avoid paying higher wages. Have customers reached their limit?  ( 21 min )

Distressed investors are fighting over REITs trading at discount prices.  ( 26 min )

Electric supplies from renewable energy, hydropower and batteries bolster vulnerable parts.  ( 25 min )

There’s no doubt the bulls have been charging ahead in 2023. The S&P 500 is up more than 18% year-to-date, while the tech-heavy NASDAQ has been puffing out its chest with a 34% return. Right now, the gains are narrow, resting mainly on a handful of deep-pocketed, big-name tech firms, but there’s a likelihood investor money will start spreading around more widely. If the bull market does widen out, it will raise the question of which stocks to buy, and that’s where the Smart Score can narrow the  ( 10 min )

Here is your Pro Recap of 4 head-turning deal dispatches you may have missed last week: Stratasys agrees to merger discussions with 3D Systems and rejects Nano again; VMware-Broadcom receives clearance from U.K. regulator; merger deal signed between Dell and Moogsoft, and KKR picks up a specialty chemicals name. After six weeks of unsolicited proposals and rejections, Stratasys (NASDAQ:SSYS) said early last week that 3D Systems' (NYSE:DDD) most recent revised buyout offer "would reasonably be expected to result in a 'Superior Proposal'" as defined within its all-stock $1.8 billion merger agreement with Desktop Metal (NYSE:DM), inked in May.  ( 8 min )

Severe storms in the U.S. resulted in at least 13 individual billion-dollar events and $35 billion in insured losses for the first six months of the year.  ( 26 min )

Restaurant stocks have been on a hot streak this year. Analysts question if the momentum will last given that restaurant inflation is still high.  ( 26 min )